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February 12, 2012
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CONSUMER NEWS
FEATURE

What Are 403B Pensions?

Question: What is the 403B pension program?

Answer: The 403B program was established in 1958 for government workers, teachers, and employees who work with non-profit organizations.

Traditionally, 403B plan beneficiaries are not allowed to borrow against such funds to purchase a home. Please check with plan administrators and managers to confirm and for the latest information.


Written by Peter G. Miller.

© 1997 Peter G. Miller. All Rights Reserved. Rules, Disclaimers & Notices.

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