As the IRS prepares to roll out its preapproved 403(b) direct contribution plans for certain public employees, the retirement industry is chiming in, hoping to ensure the official guidelines are crystal-clear, specifically when determining severance status and managing non-vested employer contributions.

This week, the American Society of Pension Professionals & Actuaries crafted a joint letter with the National Tax Sheltered Accounts Association, suggesting clarification on these two issues.

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