CARES Act Authorizes Limited Employer Repayment of Student Loans

CARES Act Authorizes Limited Employer Repayment of Student Loans

Public agency employers trying to recruit or retain highly skilled or highly paid younger workers (e.g., doctors, nurses, IT specialists, engineers) may want to take advantage of a limited employer-paid benefit under the CARES Act. This limited-time benefit, which is...

Take Care When Cost-Sharing Under CalPERS

Take Care When Cost-Sharing Under CalPERS

With overall required contribution rates increasing at an alarming rate, most CalPERS employers – particularly those with significant "classic" safety populations – are looking for help to pay for these obligations. We continue to see tremendous interest  about the...

Do Not Apply AB 5 Too Broadly

Do Not Apply AB 5 Too Broadly

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 independent contractor status for California wage...

How Many 457(b) Plans Do You Need?

How Many 457(b) Plans Do You Need?

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, are there any advantages or disadvantages to doing...

Money Purchase Pension Plans with an “Opt-in” Feature

Money Purchase Pension Plans with an “Opt-in” Feature

Almost 4 years ago, we discussed an IRS private letter ruling that raised serious concerns about public agency money purchase pension plans. The ruling allowed employees to "opt-in" to, or elect, their own rate of employee contribution. It was expected that the...

Chapter 25: The Salary Continuation Trap

Chapter 25: The Salary Continuation Trap

We often are asked to review the tax and employee benefits provisions of employment agreements between public agencies and their key executives. Because we recently have come across the same problem in several of these contracts, I decided to share with you what I...

Chapter 20: Opting Into A Pick-Up Plan

Chapter 20: Opting Into A Pick-Up Plan

A recently issued IRS private letter ruling (PLR) puts the kibosh on the fairly common practice of allowing public agency employees to elect whether and at what level to participate in the agency's mandatory contribution pension plan. This plan design stems from...

Chapter 15: Giving Employees Choices Can Sometimes Lead To Problems

Chapter 15: Giving Employees Choices Can Sometimes Lead To Problems

Because many of our public agency clients have collectively-bargained employees, we continue to see a variety of efforts by employers and their bargaining partners to make the most of limited compensation and benefits dollars.  Sometimes, the parties believe that they...