Category Archives: Social Security Administration

Is Your Social Security Replacement Plan Up to Snuff?

By Jeff Chang As we previously explained, most public agencies are not automatically subject to Social Security. They have a choice between voluntarily participating in Social Security pursuant to a section 218 agreement, or they can exempt some or all … Continue reading

Posted in 401(a), 457(b) Plans, Governmental plans, Plan Administration, record-keeping, Social Security Administration | Tagged , , | Comments Off on Is Your Social Security Replacement Plan Up to Snuff?

Public Employers Not Participating in Social Security Need To Tell Their Employees About the Windfall Elimination Provision and The Government Pension Offset

By Jeff Chang Previously, we explained that California alone has thousands of public agency employers (i.e., cities, counties, special districts, school districts and JPAs) that do not contribute to Social Security, but instead provide a Social Security Replacement Plan (SSRP). … Continue reading

Posted in Employer's Government Status, record-keeping, Social Security Administration | Tagged , , | Comments Off on Public Employers Not Participating in Social Security Need To Tell Their Employees About the Windfall Elimination Provision and The Government Pension Offset

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

Posted in Income Taxation of Employees, Social Security Administration | Tagged , , , , | Comments Off on How Many 457(b) Plans Do You Need?

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

Posted in Income Taxation of Employees, Social Security Administration | Tagged , , , , | Comments Off on Public Agency Board Members’ Worker Classification Matters for Tax Purposes

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

Posted in Governmental plans, Social Security Administration | Tagged , , | Comments Off on If You Don’t Have a Section 218 Agreement, Watch Out for the Social Security “Gotcha”