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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: Plan Qualification
Public Agency Retirement Plan Documents: Are They Properly Signed and Dated?
By Jeff Chang Based on numerous requests for plan documents from public agency clients, we know that many cannot find complete sets of their historical and current retirement plan documents that are properly authorized, signed and dated. If this sounds … Continue reading
Posted in 401(a), 457(b) Plans, Governmental plans, Plan Administration, Plan Qualification, record-keeping
Tagged plan document retention, timely adoption, timely execution
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Public Agency Furloughs & Distributions from Retirement Plans During COVID-19
By Jeff Chang As many California public agencies are forced to furlough employees during the COVID-19 pandemic, questions arise as to how furloughs are treated for retirement plan distribution rules’ purposes.
Posted in 401(a), 457(b) Plans, Plan Administration, Plan Qualification
Tagged distributable event, furlough, severance from employment
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One-time Irrevocable Elections and 401(a) Opt-in Plans
By Jeff Chang There appears to be some confusion among California municipalities about 401(a) opt-in plans use and an employee’s ability to make a one-time irrevocable election to make pre-tax contributions.
Posted in 401(a), Pick-Up Plan, Plan Qualification
Tagged one-time irrevocable election, opt-in
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Ways to Correct Governmental Plan Problems
By Jeff Chang There are several tools that can be used to correct or fix governmental plan problems. First, some classification. Practically all the retirement plans we discuss are “tax-advantaged” in one form or another. However, within this group, there … Continue reading
Posted in 401(a), Governmental plans, Plan Administration, Plan Qualification
Tagged EPCRS, plan checkup, SCP, VCP
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Do Not Apply AB 5 Too Broadly
By Jeff Chang Perhaps the biggest news coming out of California’s Legislature this year was the passage of Assembly Bill 5 – the new law that codifies the 2018 Dynamex case and which imposes a new test for determining employee or … Continue reading
Posted in 401(a), Governmental plans, Income Taxation of Employees, Plan Administration, Plan Qualification
Tagged AB 5, ABC Test, common-law test
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