Tag Archives: CalPERS

Managing Your Agency’s CalPERS Pension Liabilities

By Jeff Chang Municipal and special district employers, particularly their elected council and board members, continue to express concerns over the size of their agencies’ CalPERS “liabilities” and what can be done to mitigate them. Although there are several strategies … Continue reading

Posted in Governmental Retirement, Pension | Tagged , , , , | Leave a comment

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?

Take Care When Cost-Sharing Under CalPERS

By Jeff Chang 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.

Posted in Governmental plans, Income Taxation of Employees | Tagged , , | Comments Off on Take Care When Cost-Sharing Under CalPERS

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”

How Is Liability-driven Investing Different?

By Jeff Chang The more you read about what has been going on in the private sector (in the U.S.) and in the public sector (in Europe) with respect to pension plan investing, the more you come across the concept … Continue reading

Posted in Governmental plans, Pension | Tagged , , | Comments Off on How Is Liability-driven Investing Different?