Arthur works as a janitor for the Municipal School district…

Arthur works as a janitor for the Municipal School district weekday evenings and part-time for the Municipal Power Plant on weekends. He earns $25,000 from the school district and $10,000 from the power plant each year. Both employers have a Section 457 plan. Which of the following is true?

Last month, Miss Happ, age 54, fell off a ladder while chang…

Last month, Miss Happ, age 54, fell off a ladder while changing a light. She broke the light and her hip. She had surgery and a week long stay at the hospital. Toward the end of the week, she realized that she had forgotten to mail in her health insurance premium and her policy had lapsed. When she was discharged, shock from the size of her hospital bill nearly put her back into the hospital. She has a Section 457 plan with her employer with a balance that slightly exceeds her hospital and doctor bills. Miss Happ