Category Archives: Governmental plans

Lessons From the Private Sector: Takeaways From Recent ERISA Plan Fiduciary and Fee Litigation

By Jeff Chang This is a blog about “public” benefits issues — one that focuses heavily, but not exclusively, on California developments. If we are focusing on California’s public agency retirement and welfare plans — which are generally exempt from … Continue reading

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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

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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

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Sometimes, It’s Good to be a Little “Country” – The Benefits of Rural Cooperative Status

By Jeff Chang Many state and local governments are aware that the Internal Revenue Code was changed in 1986 to prohibit most of them from maintaining a 401(k) plan. Instead, these entities can and — for the most part, do … Continue reading

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Required Minimum Distributions (RMDs) – The Out of Sight, Out of Mind Problem

By: Jeff Chang We all sometimes lose track of things hidden away in the back of the closet or fail to stay in touch with friends we haven’t heard from or seen in a while. These common tendencies can cause inconvenience … Continue reading

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