Public Retirement
When it comes to government and public pensions and retirement healthcare plans, our team can advise you on federal and state retirement laws. Our clients include public sector entities from public safety departments and public pension systems to municipalities and education institutions. Whether you need help with converting or amending a pension plan, healthcare plan, sick leave benefit, or other retirement benefit plan, we can help with innovative and cost-saving solutions to suit your needs.
Years
of practice
Our public retirement team has been helping clients implement creative and rewarding retirement plans and features that provide valuable benefits, while also designing a favorable tax structure to save our clients millions of dollars.
Our public retirement team regularly advises government clients on:
- Complying with federal and state retirement laws
- Securing updated favorable determination letters regarding tax qualified status of pension and retirement plans
- Establishing and implementing new plans, or adding innovative features to existing plans, such as the following:
- Defined contribution plans (either as a new or a conversion plan)
- Employer contribution incentives
- Tax deferred payments for purchase of service credit
- Excess benefit plans
- Deferred retirement option plans
- “Early-out” incentives
- Drafting new plans or amending existing plans using our model documents to assist in compliance with the newest tax regulations
- Providing plan administrators with updates regarding latest legal developments
- Defending class action and other lawsuits and hearings brought against public retirement systems
- Adding active and retiree health benefit accounts to retirement plans
- Amendments to annual and sick leave programs to allow for contributions into retirement plans
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