by Jeff Chang | May 15, 2023 | 401(a), 403(b), 457(b) Plans, Governmental Benefits, Plan Administration
This post discusses some of the interesting and special rules and laws that govern the retirement plans established by Indian tribal governments (ITGs). Concerns over state and local government sovereignty caused Congress to exempt the plans of state and local...
by Jeff Chang | Mar 4, 2021 | Record Keeping
By Jeff Chang Although “governmental” plans are not subject to ERISA and the guidance issued by the U.S. Department of Labor (DOL), public agency plans in California are subject to ERISA-like rules and would benefit from following the DOL’s recent guidance on missing...
by Jeff Chang | Jan 13, 2020 | 401(a), 457(b) Plans, Fiduciary Duties, Investments, Record Keeping
By Jeff Chang There are several fundamental principles and concepts that governmental plan sponsors and fiduciaries need to bear in mind as they select and monitor their plan providers and the fees that these providers charge. Practically all governmental plan...
by Jeff Chang | Dec 19, 2019 | 401(a), Fiduciary Duties, Investments, Plan Administration
By Jeff Chang Many cities and special districts in California maintain one or more defined contribution retirement plans (i.e., a 457(b) or 401(a) plan) in which the participants are given investment responsibility over their respective accounts. However, many...
by Jeff Chang | Feb 26, 2019 | Pension
By Jeff Chang Many California cities and public agencies negotiate with — and reach memorandums of understanding with — their union bargaining partners on a regular basis. In some cases, these unions are local police or firefighter unions. In other cases, the...
