Category Archives: Retiree Health

Chapter 31: Is Your Comp Time Immediately Taxable?

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 in lieu … Continue reading

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Chapter 30: Some “Elections” Do Work

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 either the … Continue reading

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Chapter 29: The “Misunderstood” Group Variable Annuity Contract

Group variable annuity contracts are often used to wrap mutual funds to provide greater revenue to plan providers or to provide access to an insurance company’s stable value fund. Every public agency 457(b) plan or 401(a) plan that offers a … Continue reading

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Chapter 27: Do You Have a Proper Cafeteria Plan?

The recent Ninth Circuit decision in Flores v. City of San Gabriel focused on the circumstances under which the value of certain non-cash-wage benefits (such as those provided under “cash-in-lieu” programs or cafeteria plans) must be included in the determination … Continue reading

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Chapter 26: Controlling Retiree Health Costs: I’ve Got Some Bad News And Some Not So Bad News…

Originally published in “The Public Retirement Journal,” March-April 2016, and reprinted with permission. So, here’s the bad news. Governor Jerry Brown referred to the State’s grossly underfunded pension and retiree health obligations in his 2016 State of the State address … Continue reading

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