Category Archives: Pension

Pension Posts and Articles

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

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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

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Understanding Public Agency Participation in ERISA Multiemployer Pension Plans

By Jeff Chang Many California cities and public agencies negotiate with — and reach memorandums of understanding with —  their union bargaining partners on a regular basis. In some cases, these unions are local police or firefighter unions. In other … Continue reading

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How Is Liability-driven Investing Different?

By Jeff Chang The more you read about what has been going on in the private sector (in the U.S.) and in the public sector (in Europe) with respect to pension plan investing, the more you come across the concept … Continue reading

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Avoid Big Surprises After You Retire – Like a Major Reduction of Your Social Security

By: Jeff Chang There are two ways in which state and local government employees can receive a “rude awakening” from the Social Security Administration: Through the application of the Windfall Elimination Provision and/or the Government Pension Offset. Because the loss of … Continue reading

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