by Jeff Chang | May 11, 2020 | 401(a), 457(b) Plans, Retiree Health
As the harsh realities of the coronavirus pandemic, along with its widespread impact on all aspects of daily life, continue to shock and numb us all, many cities have already been identified as “high risk” from a financial stability perspective by the California State...
by Jeff Chang | Apr 14, 2020 | 401(a), 457(b) Plans, Plan Administration, Record-keeping
Although many employers plan to make changes to their retirement plans to take advantage of employee-friendly CARES Act provisions, public agencies should not blindly adopt recommended changes without thinking about the steps involved. The last Focus on Public...
by Jeff Chang | Apr 2, 2020 | 457(b) Plans, Plan Administration
As expected, the recently enacted Coronavirus Aid, Relief, and Economic Security Act contains provisions providing affected workers with greater, more tax-favored, access to portions of their retirement savings. Although it will be possible to make Coronavirus-related...
by Jeff Chang | Mar 24, 2020 | 457(b) Plans, Plan Administration
During the Coronavirus emergency, it may make sense for state and local governments that sponsor 457(b) plans to allow their employees to access the monies in their accounts as unforeseeable emergency distributions. Not all governmental 457(b) plans provide for these...
