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oxert3
New Member

I work at a public middle school and have a 457b plan, do I check the "Pension plan" box as as an uncommon situation for my W-2?

Or no because public schools are government institutions?
2 Replies
rjs
Level 15
Level 15

I work at a public middle school and have a 457b plan, do I check the "Pension plan" box as as an uncommon situation for my W-2?

The "Pension plan" box in the list of uncommon situations says "I got money from a nonqualified pension plan (such as a 457)." You would check that box if the income on the W-2 is a distribution from your 457(b) plan. I don't think that's your situation. If you are not retired and the W-2 is for your current wages you do not check that box. Having money deducted from your pay and put into the 457(b) is not the uncommon situation that that box is for.

 

dmertz
Level 15

I work at a public middle school and have a 457b plan, do I check the "Pension plan" box as as an uncommon situation for my W-2?

As rjs suggests, your governmental 457(b) plan is a a qualified retirement plan that would report distributions on From 1099-R, not Form W-2, so you should answer No to the list of uncommon situations.

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