Category Archives: Pick-Up Plan

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

Tagged , , , | Comments Off on Money Purchase Pension Plans with an “Opt-in” Feature

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

Comments Off on Chapter 20: Opting Into A Pick-Up Plan