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Tag Archives: Fiduciary Duty Government Pension
Why Hire A “3(38)” Adviser For A Public Agency 457(b) Or 401(a) Plan?
Most public sector retirement plan sponsors understand that even though their plans may not be subject to the fiduciary duties and responsibilities of ERISA, they are still subject to fiduciary duties under applicable State law. Moreover, certain States like California … Continue reading
Tagged Fiduciary Duty Government Pension, Government Pensions, governmental retirement plan
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Chapter 16: Same-Gender Spouse Ruling Requires Review Of Public Retirement Plans
On June 26, 2013, in United States v. Windsor (Windsor), the Supreme Court decided that section 3 of the Defense Of Marriage Act (DOMA) was unconstitutional. DOMA had limited “marriage” to opposite-gender couples for purposes of federal law. As result … Continue reading
Tagged california retirement, DOMA, Domestic partner, Fiduciary Duty Government Pension, governmental retirement plan, Windsor
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Chapter 4: A Lesson From The “Show Me” State
Although governmental plans are not subject to ERISA, all are subject to a combination of State and common law fiduciary rules – many of which (including California’s) contain language identical to the standards of ERISA. Most fiduciaries of public agency … Continue reading
Tagged Fiduciary Duty Government Pension, governmental retirement plan
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