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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
- If You Don’t Have a Section 218 Agreement, Watch Out for the Social Security “Gotcha” 1.2k views | posted on October 19, 2018
- 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
- The CARES Act’s New Rules for Coronavirus-related Distributions from Governmental 457(b) Plans 893 views | posted on April 2, 2020
- Take Care When Cost-Sharing Under CalPERS 853 views | posted on November 7, 2019
- Why You Need to “Monitor” Full-time, Temporary Employees 852 views | posted on August 30, 2018
- COVID-19 Pandemic May Force Some Cities to Reset Employee Benefits 837 views | posted on May 11, 2020
Category Archives: Investments
Understanding the Fees Paid by Your Governmental Retirement Plan
By Jeff Chang There are several fundamental principles and concepts that governmental plan sponsors and fiduciaries need to bear in mind as they select and monitor their plan providers and the fees that these providers charge.
Posted in 401(a), 457(b) Plans, ERISA, fiduciary, Governmental plans, Investments, Plan Fees, record-keeping
Tagged fees, stable value
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Rules Governing Your Participant-Directed 457(b) or Defined Contribution 401(a) Plan
By Jeff Chang Many cities and special districts in California maintain one or more defined contribution retirement plans (i.e., a 457(b) or 401(a) plan) in which the participants are given investment responsibility over their respective accounts. However, many agencies are … Continue reading
Posted in 401(a), ERISA, fiduciary, Governmental plans, Investments, Plan Administration
Tagged 404(c), participant-directed
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When a Section 115 Pension Stabilization Trust is “Too Good To Be True”
By Jeff Chang To prepare for and manage significantly increased CalPERS employer contribution rates in the coming years, California public agencies approved the establishment and funding of so-called “pension rate stabilization trusts.” Clients have asked for evaluations of the various … Continue reading
Posted in Investments, Pension
Tagged 115 Trust, CalPERS rate increases, local agency funds, pension stabilization trust
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Recognizing That All “Rates of Return” Are Not the Same
By Jeff Chang As a “baby-boomer” and one of the millions of my generation getting ready for retirement, I’ve naturally begun to focus more on the ups and downs of the stock market and all of the “advice” regarding how … Continue reading
Posted in Investments, Retirement Plans
Tagged liability-driven investments, rate of return, retirement investing, sequence of returns
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Why Hire A “3(38)” Adviser For A Public Agency 457(b) Or 401(a) Plan?
By Jeff Chang Most public sector retirement plan sponsors understand that even though their plans may not be subject to the fiduciary duties and responsibilities of ERISA, they are still subject to fiduciary duties under applicable State law. Moreover, certain … Continue reading
Posted in Administrative Committee, fiduciary, Governmental plans, Governmental Retirement, Investments
Tagged Fiduciary Duty Government Pension, Government Pensions, governmental retirement plan
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