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I know we can do the "catch up" provision which is double (16.5K) for the 33K but not in the year you retire .....

I do know they will let you defer the annual leave up to the 16.5K (22K in my case) .....now of your asking if they would let me defer the 22K of sold leave in 2011 and then start a new 457b with my new employer? I dont think so but good question to ask! ......m

I am pretty much thinking along the same lines ....I was thinkng the payout for the leave would be better in 2011 but with my pension and new salary my income will actually go up and the tax rates are scheduled to go up in 2011 ...so your right on all accounts .....m

I have an option now of 5762/month with a 350K payout (which can be defered to my 457) or 6624/month with no payout .....I am choosing the 5762 with the Payout ........m

My new job wants me to start Dec 1 .... I was thinking I needed to take leave until Jan so I could defer to my current 457 for 2011 ....but with the limit I might as well retire Dec 1 ...that way I will get paid for 100% of my leave ...my pension will start Dec 1 ....and my new job will start...

Greetings all .....I am retiring from one municiple(38years) and going to work at another municiple for 3-5 years ...If I wait until January to switch Jobs can I fund both 457's? I get a cash payout for my current leave account and I know I can put the ~20K in my current 457 if I wait til...

Sorry More info ..... Both amounts would be for life ...Both should have a 3% Cola begining on the 5th year ..... Also if it matters I can Defer the lumpsum into my 401K (357b) account ....I am 56 now no reason right now not to have a normal life expectancy ...Both parents are in their 80's...

Greetings .... I am trying to find out which would be a better option .... A retirement payout of 6624.00/month.... or a lump sum of about 365000.00 and 5883.00/month ?