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Retirement Plan › Employee Benefits › Teachers

Franczek P.C.

Illinois Teachers’ Retirement System Supplemental Savings Plan Update

Franczek P.C. on

On January 10, 2022, teachers will be able to begin submitting applications to the Illinois Teachers’ Retirement System (TRS) to participate in TRS’s new Supplemental Savings Plan (SSP) which is a tax-deferred compensation...more

Franczek P.C.

TRS Supplemental Savings Plan November Update

Franczek P.C. on

Last week TRS published Employer Bulletin 22-15 on its Supplemental Savings Plan (SSP), a new SSP Employer Participation Agreement, and a form of resolution for adoption by school boards to approve the Participation...more

Franczek P.C.

Illinois TRS Supplemental Savings Plan Update

Franczek P.C. on

Earlier this week, TRS issued an Employer Bulletin and a post in the Employer/Supplemental Savings Plan portion of its website regarding employer participation in implementation of the Plan.  We are reviewing the new...more

Franczek P.C.

Illinois TRS Supplemental Savings Plan Update

Franczek P.C. on

Since our last alert on the Illinois Teachers’ Retirement System’s Supplemental Savings Plan (SSP), we have submitted to TRS, in consultation with IASA and IASBO, proposed changes to the TRS’ SSP document to address the...more

Franczek P.C.

Illinois Teachers’ Retirement System’s Supplemental Savings Plan Update

Franczek P.C. on

Since our previous alert regarding the Teachers’ Retirement System’s Supplemental Savings Plan, we have had productive discussions with many business managers, IASA, IASBO, and TRS about problems with the Plan and the...more

Franczek P.C.

Illinois Teachers' Retirement System Announces New Supplemental Savings Plan

Franczek P.C. on

Earlier last week, the Illinois Teachers’ Retirement System sent out forms and instructions for its new Supplemental Savings Plan. Essentially, the Plan is a program for the deferral of income taxes on a portion of the...more

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

Connecticut gets it right for Non-ERISA 403(b) plans

Ary Rosenbaum - The Rosenbaum Law Firm P.C. on

One of the things that most people forget about fee disclosure as it pertains to retirement plans is that it’s only applicable to ERISA based retirement plans. So non-ERISA 403(b) plans have no fee disclosure requirements and...more

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