Focusonpublicbenefits.com

Retiree Health Reimbursement Arrangements are Receiving More …

WEBRetiree-only HRAs can provide significant tax-free health benefits and, if structured properly, can help public employers address budgetary and compliance …

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URL: https://focusonpublicbenefits.com/retiree-health-reimbursement-arrangements-are-receiving-more-attention/

Take Your Pick – Employees Allowed to Choose Between Future …

WEBBy Jeff Chang A recently issued IRS private letter ruling may provide public agencies and their employees with another way to give employees more control over the …

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Making Sense of Your Retiree Health “Savings” Plan

WEBBy Jeff Chang Several municipal clients adopted retiree health savings plans or post-employment health plans, and continue to have questions about what they …

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Do You Have An Appropriate OPEB Document

WEBDue to the rising costs of health care and health insurance, pressure from union bargaining partners, and the application of the “equal contribution rule” for public …

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Chapter 22: Social Security Replacement Plans – An Introduction

WEBThis is not necessarily the case for the millions of workers whose State, local government and public agency employers have “opted out” of OASDI’s combined …

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Chapter 8: Retiree Health Benefits – “To Infinity … And Beyond!”

WEBBy: Jeff Chang I couldn’t help but think of Buzz Lightyear’s famous exhortation as I thought about the implications of the appellate court’s decision that I had just read – …

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SECURE 2.0 Impacts on Governmental Plans

WEBGovernmental employers may be able to make retirement plan matching contributions when employees pay their qualified higher education expenses or loans. …

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When It Comes to Funding Pension and/or OPEB Liabilities, Not All

WEBBy Jeff Chang Substantial confusion exists about whether the assets of an Internal Revenue Code section 115 trust created to fund pension or OPEB (retiree …

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Understanding Public Agency Participation in ERISA Multiemployer

WEBBy Jeff Chang Many California cities and public agencies negotiate with — and reach memorandums of understanding with — their union bargaining partners on a …

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Jeff Chang, Author at Focus On Public Benefits

WEBby Jeff Chang | Jan 23, 2023 | 401 (a), 403 (b), Governmental Benefits, Plan Administration, Plan Qualification. This post highlights many of the significant law …

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What Is a Section 415(m) Plan, and When Might You Need One

WEBA section 415 (m) plan is a special type of “excess benefit plan” available exclusively to governmental employers. It is not a tax-qualified plan under Code section …

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Differences Between Plan Administrators, Third-Party Plan

WEBSponsors of governmental retirement plans seem to be hiring, firing, or transitioning to new third-party administrators (TPAs) or recordkeepers all the time. The …

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Using a Section 115 Trust to Help Manage Pension Obligations

WEBA 115 trust is a vehicle for segregating agency funds from general assets for the purpose of funding essential governmental functions. For example, a 115 trust can …

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Chapter 12: When Treating Everyone The Same May Not Work

WEBBy: Jeff Chang Sometimes the realities of family budgets – budgets in general – collide with notions of fairness and equal treatment. I can still remember the …

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Chapter 15: Giving Employees Choices Can Sometimes Lead To …

WEBBy: Jeff Chang Because many of our public agency clients have collectively-bargained employees, we continue to see a variety of efforts by employers and their …

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Are Your Employer “Pick-Ups” Properly Documented

WEBDocumentation of Pick-ups. It is important to understand that the documentation requirements for pick-ups changed at the beginning of 2009. Generally, …

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Is Your Social Security Replacement Plan Up to Snuff

WEBTo avoid having to make Social Security contributions for its PTS (any other “excluded” employees), most public agencies maintain either a 457 (b) plan or a 401 (a) …

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The Battle Over “Vested Rights” In California

WEBJeff Chang is a partner at Best Best & Krieger LLP. He has four decades of experience skillfully evaluating benefit and retirement plan compliance to achieve …

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Why You Need to “Monitor” Full-time, Temporary Employees

WEBMisconception No. 2: “Temporary-assignment” workers can be permanently excluded from CalPERS. Again, for the reasons mentioned above, many agencies hire …

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