by Jeff Chang | Feb 10, 2022 | 401(a), 457(b) Plans, Governmental Benefits, Plan Administration, Record Keeping, Social Security
As previously discussed, a public agency that does not have a section 218 agreement has a choice of participating in Social Security or providing a Social Security Replacement Plan (SSRP). Although many California local governments rely on CalPERS as their principal...
by Jeff Chang | Feb 3, 2021 | 401(a), 457(b) Plans
By Jeff Chang In California, charter schools are public schools that do not charge tuition or impose special entrance requirements, but are generally operated on an independent basis from local school systems. Because of the “public” nature of these schools and the...
by Jeff Chang | May 21, 2018 | Plan Qualification
By: Jeff Chang Previously, in Yours, Mine or Ours?, we examined the basics of “who” your employees are for employee benefits purposes. We also discussed some of the adverse tax and business consequences that can befall employers who either don’t understand who their...
by Jeff Chang | Oct 10, 2017 | Health Coverage, Retiree Health
By: Jeff Chang Previously, we wrote about the uses of health reimbursement arrangements and the IRS rules that apply to them. As we explained, an HRA is basically an employer-funded account that may be used for paying specified medical and health costs (including...
by Jeff Chang | May 11, 2016 | Income Tax
By: Jeff Chang 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...