Category Archives: Pension

Pension Posts and Articles

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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Avoid Big Surprises After You Retire – Like a Major Reduction of Your Social Security

By: Jeff Chang There are two ways in which state and local government employees can receive a “rude awakening” from the Social Security Administration: Through the application of the Windfall Elimination Provision and/or the Government Pension Offset. Because the loss of … Continue reading

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When It Comes to Funding Pension and/or OPEB Liabilities, Not All Section 115 Trusts are Created Equal

By Jeff Chang Substantial confusion exists about whether the assets of an Internal Revenue Code section 115 trust created to fund pension or OPEB (retiree health) obligations may be used to offset the overall pension or OPEB liabilities that public employers … Continue reading

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Watch Out For What Your Plans Say – Or Don’t Say – About Transfers

By: Jeff Chang Most of the special districts and municipalities we represent have numerous collective bargaining units, and many have multiple service locations and facilities. While advising these entities on their retirement and welfare benefits, we’ve come to realize that their … Continue reading

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Using a Section 115 Trust to Help Manage Pension Obligations

By Jeff Chang An increasing number of cities, public agencies and special districts are investigating the use of an Internal Revenue Code section 115 trust to help them better manage the short-term costs and long-term liabilities associated with pensions. What … Continue reading

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