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What types of funds may I use to purchase Plan E Elective COLA?

April 26, 2017Cola elective funds Plan purchase types

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What types of funds may I use to purchase Plan E Elective COLA?

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You may purchase Plan E COLA using any of the following before-tax funds: • Payroll Deductions • Qualified Plans: 401(k)/KEOGH • 457 Fund Plan Transfers: In-service or after termination* • IRAs: Non-Roth/Non-After Tax • 403(b) You may also purchase Plan E COLA using after-tax funds. *Certain restrictions apply to using 457 Plan funds while in service; check with the plan administrator for details pertaining to your personal situation.