Category Archives: Social Security Administration

How Many 457(b) Plans Do You Need?

By Jeff Chang Many cities and special districts establish and maintain more 457(b) plans than they really need. We routinely see public agencies with as many as two, three or four 457(b) plans. How and why does this happen? And, … Continue reading

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Public Agency Board Members’ Worker Classification Matters for Tax Purposes

By Jeff Chang Due to the IRS’ different treatment of private sector and public agency boards of directors, it comes as little surprise that many California special districts and public agencies continue to classify their board members as independent contractors … Continue reading

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If You Don’t Have a Section 218 Agreement, Watch Out for the Social Security “Gotcha”

By Jeff Chang A section 218 agreement is an agreement between a state (or its local governments and instrumentalities) and the Social Security Administration providing for participation in Social Security and/or Medicare for designated groups of employees. Participation in a … 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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