Thursday - November 14, 2019
National Association of College and University Business Officers Asks GASB for Clarity on Section 457 Plans
October 21, 2019
WASHINGTON, Oct. 21 -- The National Association of College and University Business Officers issued the following news:

Based on input from its Accounting Principles Council, NACUBO recently responded to an Exposure Draft, Internal Revenue Section 457 Deferred Compensation Plans That Meet the Definition of a Pension Plan and Supersession of GASB Statement 32.

The proposal indicates that Section 457 plans with employer contributions are defined contribution plans and as s . . .

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