When our public agency clients negotiate with their collectively bargained employees, both sides strive to make the most of limited compensation and benefits dollars. Sometimes the parties believe they can create greater value by letting the ...
[Read more] about Public Employer Plans: Giving Employees Benefit Choices Can Lead To Problems
Government Blog
It Pays to Give Your Retirement Plan A Comprehensive Review
Employee Benefits Law Group often works on retirement plans that have been in place for years and we know that simply making sure a plan is up to date is not enough.
We look at a plan’s “foundational basis.” If the underlying plan design, tax ...
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Participant-Directed Retirement Plans: How California Public Employers Sponsoring Them Can Reduce Their Fiduciary Risk
This article looks at how California public employers sponsoring participant-directed retirement plans such 457(b) plans can reduce their potential for fiduciary liability by complying Federal Department Of Labor Code section 404(c) rules of the ...
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GASB Statements 43 And 45 – The Financial Disclosure Rules
Financial accounting and disclosure rules issued by the Government Accounting Standards Board (GASB) as Statements 43 and 45 will have far-reaching significance for public entity employers. The following Q&As are meant to serve as a "quick start" ...
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GASB 45: Is Your District Confronting The Challenge?
Dealing effectively with GASB 45 will take leadership, analysis, time, discipline, and a team of objective legal, actuarial, and financial advisers. If you've been waiting to deal with the challenge, the time to act has arrived…
As recently as six ...
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What’s A District To Do? Evaluating Your Various Employee Benefits Commitments And Whether You Can Modify Them
As the fallout from several years of budget crises continues to filter down and through state government, local government and special districts, elected boards and district managers are left only with the hard choices – cut jobs, essential services, ...
[Read more] about What’s A District To Do? Evaluating Your Various Employee Benefits Commitments And Whether You Can Modify Them