An employer-sponsored retirement plan that is available to state and local government employees, including police officers, firefighters, other civil servants and employees of state universities and school districts. Employers sometimes also contribute to each employee’s account, and/or match each employee’s contributions. All contributions are usually tax-deductible, and money in the account is not taxed until it is withdrawn, allowing for decades of tax-free growth. See 401(k) Plan, 403(b) Plan, Defined Contribution Plan, IRA, Rollover IRA