Section 457(f) of the U.S. Internal Revenue Code provides a framework for nonqualified deferred compensation arrangements commonly offered by tax-exempt and governmental employers. 457(f) plans ...

State and local government employees can invest more in their 457 plans in 2026 than in 2025. Similar to the better-known 401(k) plan in the private sector, the 457 plan (sometimes called a "457(b) ...