👉 The term "nonretirement" refers to a period of retirement beyond the traditional 401(k) or 457 plan retirement age. This includes periods during which an individual's employer may provide defined benefit (DB) and defined contribution (DC) plans, but in which there is no formal retirement plan provision. Nonretirement can occur due to various reasons, including employment termination, divorce, loss of job, disability, or sudden illness. During this period, the individual typically
