Category Archives: Governmental Retirement

Chapter 32: How “Not” To Transition To A New Record-Keeper

By Jeff Chang Time and time again plan sponsors seriously disadvantage themselves and their plan participants by announcing the migration of their plan from one record-keeper to a new record-keeper before all the conditions for a smooth transition have been … Continue reading

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Chapter 28: Why Cashing Out PTO Next Year Doesn’t Work

By: Jeff Chang Our efforts to educate employers about the dangers and surprises associated with PTO cash‑outs (see, Chapter 13 and “When Having Your Cake and Eating It May Be a Bad Thing: Cautions About Cash-Outs of Unused Leave Or PTO”) … Continue reading

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Chapter 24: 457(b) Plan Fees And Revenue Sharing

By Jeff Chang Many public agencies pay little attention to their 457(b) plans because the agencies are not “paying” for them out of their own budgets. See Have You Checked Your Retirement Plan Fees Lately? Plan fiduciaries are legally required, … Continue reading

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Chapter 23: Have You Checked Your Retirement Plan Fees Lately?

By Jeff Chang Many public agencies’ 457(b) plans, where all fees are paid by the plans, may be neglected for years or even decades.  And while this neglect may not cost the district or the city any more money, it … Continue reading

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Chapter 20: Opting Into A Pick-Up Plan

By: Jeff Chang A recently issued IRS private letter ruling (PLR) puts the kibosh on the fairly common practice of allowing public agency employees to elect whether and at what level to participate in the agency’s mandatory contribution pension plan. This … Continue reading

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