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
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Richard I. Cohen
Richard Cohen's practice encompasses pensions and employee benefits, including tax-qualified retirement plans, 403(b) plans, nonqualified deferred compensation plans, SERPs, cafeteria plans, ERISA and COBRA compliance. Richard speaks on pension and employee benefit issues to business associations, client groups, and the Connecticut Bar Association.
Webinar: 401(k) Plans – Best Practices for Employers and Plan Administrators
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…
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Webinar Recaps: The Essential Guide for 401(k) and 403(b) 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. …
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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 colleges and universities, the way…
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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, the way in…
Continue Reading Webinar: The Essential Guide for 401(k) and 403(b) Plan Administrators for Independent Schools
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, colleges and universities,…
Continue Reading Guide for 401(k) and 403(b) Plan Administrators
TRB Issues New Guidance Concerning the Reemployment of Retired Teachers
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