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New Canaan Public Schools, New Canaan, Connecticut
Frequently Asked Questions: The 457(b)
What is a 457(b)?

Why is a 457(b) important?

How does a 457(b) work?

How do I start a 457(b)?

Who is eligible to participate?

How much can be contributed to a 457(b)?

What investment products are available in a 457(b) plan?

What companies can I invest with?

What should I know before opening a 457(b)?

What does it cost to invest in a 457(b)?

Do I need an agent or advisor to start a 457(b)?

Can I change the amount I am contributing?

Can I stop contributing?

What happens to my 457(b) if I change employers?

What happens to my 457(b) if I become disabled?

May hardship withdrawals be made from a 457(b)?

What happens to my 457(b) in the event of a divorce?

What happens to my 457(b) in the event of death?

What happens to my 457(b) at retirement?

When must 457(b) money be withdrawn?

Can I purchase pension-service credit with 457(b) dollars?

Can I contribute to a 457(b) and a Roth IRA?

How is a 457(b) different from a 403(b)?

Can I contribute to a 457(b) and a 403(b)?

How is a 457(b) different from a 401(k)?

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District Contacts

Daryl DiZenzo
Payroll/Benefits Accountant
203.594.4016

Mike Lagas
Business Manager
203.594.4014

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