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- Using a Section 115 Trust to Help Manage Pension Obligations 2.2k views | posted on September 13, 2017
- Public Agency Board Members’ Worker Classification Matters for Tax Purposes 1.3k views | posted on July 22, 2019
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- Chapter 13: Some Things Are Worth Repeating – Beware of PTO Cash-Outs! 1k views | posted on April 22, 2014
- Using 457(b) Unforeseeable Emergency Distributions During the Coronavirus Crisis 1k views | posted on March 24, 2020
- Chapter 28: Why Cashing Out PTO Next Year Doesn’t Work 1k views | posted on August 15, 2016
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Category Archives: Employer’s Government Status
Public Agency Plan Administrators Need to Keep Track of Participants Before They Go “Missing”
By Jeff Chang Although “governmental” plans are not subject to ERISA and the guidance issued by the U.S. Department of Labor (DOL), public agency plans in California are subject to ERISA-like rules and would benefit from following the DOL’s recent … Continue reading
Posted in Employer's Government Status, ERISA, record-keeping, Uncategorized
Tagged best practices; policies and procedures, missing participants
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Public Employers Not Participating in Social Security Need To Tell Their Employees About the Windfall Elimination Provision and The Government Pension Offset
By Jeff Chang Previously, we explained that California alone has thousands of public agency employers (i.e., cities, counties, special districts, school districts and JPAs) that do not contribute to Social Security, but instead provide a Social Security Replacement Plan (SSRP). … Continue reading
Posted in Employer's Government Status, record-keeping, Social Security Administration
Tagged Government Pension Offset, SSA-1945, Windfall Elimination Provision
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Are Charter Schools Considered “Governmental” for Retirement Plan Purposes?
By Jeff Chang In California, charter schools are public schools that do not charge tuition or impose special entrance requirements, but are generally operated on an independent basis from local school systems. Because of the “public” nature of these schools … Continue reading
Posted in 401(a), 457(b) Plans, Employer's Government Status, Governmental plans, Uncategorized
Tagged 3(32), 414(d), charter school
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Chapter 19: Get the IRS’ Blessing for Your 401(a) Plan – Before It’s Too Late
By: Jeff Chang The IRS has just announced major changes to its program for reviewing and approving the qualified status of certain retirement plan documents (see, Announcement 2015-19). Essentially, the Service is doing away with its program for issuing determination letters … Continue reading
Posted in Employer's Government Status, Governmental Retirement, individually designed plan, IRS plan review, Pension, Pre-Approved
Tagged california governmental retirement, california retirement, governmental retirement plan, individually designed plans, IRS qualified
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