Governmental Plans Answer Book

Governmental Plans Answer Book, Fifth Edition, provides in-depth coverage of these complex plans, which must satisfy federal laws as well as pension, investment, and other laws of the applicable state or local governments. The authors analyze the most current developments in practice, as well as legislation, regulation, and law. Governmental Plans Answer Book, Fifth Edition, is the one resource that takes pension professionals step by step through all the aspects of plan administration and compliance in this demanding practice area. Governmental Plans Answer Book, Fifth Edition, gives subscribers the most relevant, current, and practice-oriented answers to the daily issues faced by plan administrators, attorneys, actuaries, consultants, accountants, and other pension professionals as they navigate the requirements and procedures involved in administering their plans. The Fifth Edition examines significant changes and case law in this area and includes the following: - Major enactments affecting state and local governmental pension plans, including a table of issues summarizing the types of legislation (see What's New).
- The Supreme Court decision in Bostock v. Clayton County, holding that discrimination on the basis of sexual orientation or transgender status constitutes sex discrimination for purposes of Title VII of the Civil Rights Act of 1964
- Proposed regulations under Internal Revenue Code section 4960, dealing with the excise taxes on excess compensation and excess parachute payments
- Updated data on state and local governmental pension plans, including assets, number of members, composition of the plans' boards of trustees, benefits and eligibility of general employees and teachers, defined benefit-defined contribution combination plans, and cash balance plans, accompanied by a table for each topic
- Updated appendix on recent court decisions involving governmental plans (see Appendix C) with summaries of certain cases included in Chapter 2 and linked to Appendix C for easier access.
- Deadlines announced or extended for adoption of pre-approved defined benefit, defined contribution, and 403(b) plans
- Explanation of a public pension "stress test" (also known as risk assessment)
- Proposed Department of Labor (DOL) regulations governing environmental, social and governance (ESG) investing
- New DOL fiduciary regulations and proposed prohibited transaction class exemption
- Description of changes to Bankruptcy Code Chapter 13 under the Coronavirus Aid, Relief, and Economic Security (CARES) Act of 2020
- Update to case law on whether the proceeds of a prepetition plan loan are property of the Bankruptcy Code Chapter 7 debtor's bankruptcy estate
- Updates to case law on whether plan loan repayments are excluded from the automatic stay
- Discussion of the Sixth Circuit Court of Appeals' recent opinion on voluntary post-petition contributions to a debtor's 401(k) plan
- Updates to case law on whether plan loans are dischargeable in Chapter 13 bankruptcies
- Updates to case law on an employer's participation in a multiple employer cost-sharing defined benefit governmental plan during bankruptcy
Previous Edition: Governmental Plans Answer Book, Fourth Edition ISBN 9781454886709 Note: Online subscriptions are for three-month periods.