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Level 1
June 1, 2019
Solved

Is the Civil Service Retirement System consideted a qualified retirement plan?

  • June 1, 2019
  • 1 reply
  • 2 views
No text available
Best answer by MargaretL

Yes, it is a qualified plan. 


Qualified plans include: 

  • 401(k)s
  • 403(b)s (also known as tax-sheltered annuity plans)
  • 457 plans for government employees
  • Traditional IRAs
  • Roth IRAs
  • SEP and SIMPLE plans for employees of small businesses
  • Pension plans
  • Profit-sharing plans
  • Stock bonus plans

Non-qualified plans include:

  • Life insurance policies (if distribution is full payment)
  • Private or purchased commercial annuities
  • Military retirement plans

1 reply

MargaretL
MargaretLAnswer
Level 12
June 1, 2019

Yes, it is a qualified plan. 


Qualified plans include: 

  • 401(k)s
  • 403(b)s (also known as tax-sheltered annuity plans)
  • 457 plans for government employees
  • Traditional IRAs
  • Roth IRAs
  • SEP and SIMPLE plans for employees of small businesses
  • Pension plans
  • Profit-sharing plans
  • Stock bonus plans

Non-qualified plans include:

  • Life insurance policies (if distribution is full payment)
  • Private or purchased commercial annuities
  • Military retirement plans