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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 0.9k views | posted on August 15, 2016
- The CARES Act’s New Rules for Coronavirus-related Distributions from Governmental 457(b) Plans 891 views | posted on April 2, 2020
- Take Care When Cost-Sharing Under CalPERS 849 views | posted on November 7, 2019
- Why You Need to “Monitor” Full-time, Temporary Employees 848 views | posted on August 30, 2018
- COVID-19 Pandemic May Force Some Cities to Reset Employee Benefits 836 views | posted on May 11, 2020
Category Archives: Governmental Retirement
The Improper Use of Governmental “Pre-Approved” Plans
By Jeff Chang There continues to be new, complicated problems arising from the improper completion and use of off-the-shelf governmental pre-approval plans. Generally, a pre-approved plan from the document provider is reviewed and pre-approved by the IRS for its general … Continue reading
Posted in Governmental plans, Plan Administration, Plan Qualification, Pre-Approved
Tagged auto-enrollment, opt-in, VCP
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Money Purchase Pension Plans with an “Opt-in” Feature
By Jeff Chang Almost 4 years ago, we discussed an IRS private letter ruling that raised serious concerns about public agency money purchase pension plans. The ruling allowed employees to “opt-in” to, or elect, their own rate of employee contribution. … Continue reading
Posted in Governmental Retirement, Income Taxation of Employees, Pension, Pick-Up Plan
Tagged 401(a) plans, opt-in feature, pick-ups, Section 414(h)
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California Supreme Court Rules in Cal Fire Case – Round One Goes to the Legislature, But It Ain’t Over
By Jeff Chang The California Supreme Court recently issued its decision in the Cal Fire Local 2881 v. CalPERS case – the first of six so-called “California Rule” (“Vested Pension Rights”) cases pending before the Court. The California Rule, in … Continue reading
Posted in Governmental Retirement, Pension Reform, PEPRA
Tagged California Rule, California Supreme Court, Vested Rights
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“Encouraging” the Repayment of Student Loan Debt
By Jeff Chang Many of the public agencies we work with have expressed a strong interest in programs and arrangements that will help or encourage their employees to pay off their student loan debts. These programs can be important recruiting, … Continue reading
Posted in 401(a), Governmental Retirement, Retirement Plans
Tagged student loan payroll deduction repayment, student loan repayment
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Using a Section 115 Trust to Help Manage Pension Obligations
By Jeff Chang An increasing number of cities, public agencies and special districts are investigating the use of an Internal Revenue Code section 115 trust to help them better manage the short-term costs and long-term liabilities associated with pensions. What … Continue reading
Posted in Governmental Retirement, Pension, Pension Reform
Tagged California Pension Reform, governmental retirement, Pension, pension reform, Section 115 Trust
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