Category Archives: Retiree Health

Making Sense of Your Retiree Health “Savings” Plan

By Jeff Chang Several municipal clients adopted retiree health savings plans or post-employment health plans, and continue to have questions about what they are and how they should be administered.

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When It Comes to Funding Pension and/or OPEB Liabilities, Not All Section 115 Trusts are Created Equal

By Jeff Chang Substantial confusion exists about whether the assets of an Internal Revenue Code section 115 trust created to fund pension or OPEB (retiree health) obligations may be used to offset the overall pension or OPEB liabilities that public employers … Continue reading

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Retiree Health Reimbursement Arrangements are Receiving More Attention

By: Jeff Chang Previously, we wrote about the uses of health reimbursement arrangements and the IRS rules that apply to them. As we explained, an HRA is basically an employer-funded account that may be used for paying specified medical and health … Continue reading

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Chapter 31: Is Your Comp Time Immediately Taxable?

By: Jeff Chang Compensatory time off or “comp time” is paid time off taken in lieu of pay. In the case of State and local governments, the Fair Labor Standards Act (FLSA) allows them to provide non‑exempt workers with comp time … Continue reading

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Chapter 30: Some “Elections” Do Work

By: Jeff Chang Previously, I’ve written about the pitfalls of giving employees “too much choice” with respect to their pay, their paid time off and other benefits.  Employee elections that are not properly designed can unexpectedly result in current taxation under … Continue reading

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