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Retirement Plan › Municipalities

Miller Canfield

Michigan Court of Appeals Protects Act 345 Health Care Funding for Retired Police Officers and Firefighters

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In a matter of first impression, the Michigan Court of Appeals held that municipalities may use tax dollars assessed under the Fire Fighters and Police Officers Retirement Act (a/k/a “Act 345”) to fund police and fire retiree...more

Pullman & Comley, LLC

Connecticut Comptroller Using a Survey to Solicit Information from Municipalities Regarding Retirement Plans

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Our July 14, 2023 Client Alert discussed the information and documents that Connecticut Public Act 23-182 requires municipalities sponsoring retirement plans to provide to the Comptroller’s Office by September 1, 2023. On...more

Pullman & Comley, LLC

The State of Connecticut Wants Information About Your Retirement Plans by September 1, 2023

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In a June 7, 2023 press release, State of Connecticut Comptroller Sean Scanlon applauded the passage of House Bill No. 6930, which aspires to develop best practices for governance structures of municipal retirement plans....more

Best Best & Krieger LLP

One-time Irrevocable Elections and 401(a) Opt-in Plans

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There appears to be some confusion among California municipalities  about 401(a) opt-in plans use and an employee’s ability to make a one-time irrevocable election to make pre-tax contributions....more

Best Best & Krieger LLP

Making Sense of Your Retiree Health "Savings" Plan

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Several municipal clients adopted retiree health savings plans or post-employment health plans, and continue to have questions about what they are and how they should be administered....more

Pullman & Comley, LLC

Best Practices for Municipal Retirement Plans

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- Create a Plan Document... - Do not rely solely on special acts, ordinances, or collective bargaining agreements... - Reflect collectively bargained provisions... - Update contemporaneously to reflect changes in...more

Robinson & Cole LLP

Connecticut Focuses on Fiduciary Standards for Municipal Plans

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Connecticut has been focused on the fiduciary standards of financial planners and retirement plan administrators in the wake of the now-defunct Department of Labor "fiduciary rule." With the goals of creating both...more

Best Best & Krieger LLP

Court's Tentative Decision on San Jose's Pension Reform Measure Appears to Favor City

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However, the Vested Rights Doctrine Proves Fatal to Core Pension Reform Measures - A tentative decision on the legal challenges to the City of San Jose’s pension reform measure, Measure B, was released late last month....more

Sheppard Mullin Richter & Hampton LLP

Bankrupt Municipality May Reduce Retiree Benefits

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The bankruptcy of the largest U.S. city to file a chapter 9 bankruptcy petition has yielded a decision with serious implications for municipal creditors. Specifically, the United States Bankruptcy Court for the Eastern...more

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