In January, former President Biden signed the Social Security Fairness Act of 2023 (SSFA) into law. We discussed the key changes in a blog post
Continue Reading Social Security Administration Provides Updated Information for Increased Benefit Payments to Eligible Public School Employees
On January 5, 2025, former President Biden signed the Social Security Fairness Act of 2023 into law. The Social Security Fairness Act repeals two provisions
Continue Reading Enactment of the Social Security Fairness Act Could Mean Increase in Social Security Benefits for Some Public School Employees
Last month, we hosted a webinar for our independent school clients entitled “Tuition Remission: Ensuring Compliance and Maximizing Benefits,” where we discussed tuition remission benefits
Continue Reading Tuition Remission FAQs for Independent Schools
Join Shipman & Goodwin tax attorneys for the fourth installment of this four-part CLE webinar reviewing some of the more significant provisions of the Tax
Continue Reading Webinar: An Overview of the Significant Provisions of the Tax Cuts and Jobs Act PART 4: Update on Pension, Compensation and 501(c)(3) Tax Exempt Organizations
Join Shipman & Goodwin pension and employee benefits attorneys for this complimentary webinar for institutions with 401(k) plans. Presenters will discuss today’s 401(k) issues that
Continue Reading Webinar: 401(k) Plans – Best Practices for Employers and Plan Administrators
In case you missed them, Shipman & Goodwin’s Pension and Employee Benefits attorneys recently presented complimentary webinars for independent school and college and university audiences.
Continue Reading Webinar Recaps: The Essential Guide for 401(k) and 403(b) Plan Administrators
While a 401(k) or 403(b) plan has long been the primary retirement planning vehicle in benefits programs offered by most colleges and universities, the way
Continue Reading Webinar for Colleges and Universities: The Essential Guide for 401(k) and 403(b) Plan Administrators
While a 401(k) or 403(b) plan has long been the primary retirement planning vehicle in benefits programs offered by most independent schools, the way in
Continue Reading Webinar: The Essential Guide for 401(k) and 403(b) Plan Administrators for Independent Schools
While a 401(k) or 403(b) plan has long been the primary retirement planning vehicle in benefits programs offered by most independent schools, colleges and universities,
Continue Reading Guide for 401(k) and 403(b) Plan Administrators
On June 17, 2015, Connecticut’s Attorney General issued an opinion concerning the “statutory limits on the compensation provided to reemployed teachers (including superintendents and other administrators) pursuant to Conn. Gen. Stat.§ 10-183v(a).” Based on his analysis of the language of Conn. Gen. Stat. § 10-183v, the Attorney General concluded “that a teacher may be reemployed pursuant to Conn. Gen. Stat. § 10-183v(a) while receiving a retirement benefit from the [Teachers’ Retirement] System, but he or she may not receive compensation beyond ‘forty-five percent of the maximum salary for the assigned position.’”
Following the Attorney General’s opinion, the Teachers’ Retirement Board (TRB) released guidance concerning its interpretation and plans for implementation of provisions concerning the reemployment by school districts of retired teachers, in the form of a “Questions and Answers” publication, dated July 27, 2015. This client alert reports on how TRB will now be implementing reemployment provisions for retired teachers, administrators and superintendents (note that when the terms “teacher” or “teachers” are used in this Client Alert, the term includes certified administrators and superintendents).
The Attorney General opinion and the recent TRB guidance will significantly change the manner in which school districts may employ TRB retirees under the 45% rule. While this Client Alert provides a summary of the most significant changes, school districts are advised to consult counsel with specific questions related to the reemployment of specific individuals.Continue Reading TRB Issues New Guidance Concerning the Reemployment of Retired Teachers