Governmental Plans Answer Book, Second Edition by Carol V. Calhoun, Cynthia L. Moore, Keith Brainard List Price: $355.00   Eligible for Free Standard Shipping on U.S. Prepaid Orders Imprint: Aspen Publishers ISBN: 9780735560178 Hardcover: 792 pages Publication Cycle: Updated annually Last Updated: 10/2/2012 Automatic Supplementation More Info. Available: Item ships in 3-5 Business Days

Written by a team of practicing experts, preeminent in their fields, Governmental Plans Answer Book takes the reader step-by-step through the various laws that govern such plans. For those practitioners with private plan experience who wish to work with governmental plans, it compares the regulation of the two types of plans. The authors' systematically answer hundreds of questions and provide an invaluable reference for investment advisors, plan administrators, attorneys, actuaries, and accountants. This book will also serve those institutions that promote, market, service, or provide technical support to retirement plans, products, and related services. Governmental Plans Answer Book has been updated to include: New guidance on group trusts Updates on state legislation affecting governmental plans Expanded material about pension protections IRS focus on need for full vesting on normal retirement age as a requirement for qualified status, even for governmental plans Issues for governmental plans for which IRS will not issue determination letters Common issues in governmental plans that may preclude qualified status New Supreme Court case on effect of mistakes in a summary plan description (SPD) Guidance on when a 403(b) plan can be treated as terminated, and thus in-service distributions can be made to employees New guidance on what is an "unforeseeable emergency" justifying distributions from a 457 plan Updates to public pension asset and membership figures View the Highlights for this title. 1. Introduction to Governmental Plans What Is a Governmental Plan? Importance of Differences Between Governmental Plans and Private Plans 2. Structure of State and Local Governmental Plans General Information About State and Local Governmental Plans Creating Entity, Governing Law, and Individuals Covered Entity That Administers the Plans Assets in State and Local Governmental Retirement Plans Contributions Comparison of Defined Benefit Plans with Defined Contribution Plans Portability of Benefits Under Defined Benefit Plans Benefits Provided by Retirement Systems and Plans Special Types of Plans Protections for the Plans and Their Participants Employer Pickups Joint and Survivor Annuities State Vesting Rules 3. Identifying the Employer Reasons for Identifying the Employer Definitions of Employer Controlled Group Rules Independent Contractors Leased Employees 4. Obtaining Favorable Tax Status Effect of Favorable Tax Status Types of Favorable Tax Status Requirements for Qualified Plan (Section 401(a)) Status Requirements for Qualified Plan (Section 403(a)) Status Requirements for Tax-Deferred Annuity or Custodial Account (Section 403(b)) Status Requirements for Section 457(b) Status Requirements for Deemed IRA (Section 408(q)) Status Pretax Employee Contributions IRS Audit Activity Correction Procedures 5. Reporting Purpose of Reporting by State and Local Governmental Plans Annual Statement of Member's Account Other Ways in Which Retirement Systems Communicate with Plan Participants Summary Plan Description Annual Reports Open Meetings Laws Open Records Laws 6. Governmental Plan Funding Federal Rules Qualified (401(a)) Defined Benefit Plans Typical State Rules 7. Investment of Plan Assets Federal Fiduciary Requirements State Fiduciary Requirements Federal Prohibited Transaction Rules State Prohibited Transaction Rules Uniform Management of Public Employee Retirement Systems Act and Uniform Prudent Investor Act Legal List Statutes Social Investing State Conflict of Interest Statutes and State Codes of Ethics Wholly Owned Investments and Investments in Non-Publicly Traded Equity Securities Unrelated Business Income Tax Issues 8. Selecting a Service Provider State Law Issues ERISA Analogies Practical Steps for Meeting Fiduciary Duties in Choosing a Service Provider Breaches of Fiduciary Duty in Selecting a Service Provider Modification of Procedures for Selecting a Service Provider Fiduciary Duties After a Service Provider Is Selected 9. Remedies for Fiduciary Breach Criminal Penalties Civil Remedies Avoiding Fiduciary Liability 10. Participation Federal Participation Rules State Participation Rules 11. Distributions Common Forms of Distribution Federal Restrictions on Distributions Definition of Retirement Taxation of Distributions Rollovers and Plan-to-Plan Transfers Withholding on Distributions Reporting of Distributions 12. Beneficiary Designations Making a Beneficiary Designation Using Trusts Family Rights That Restrain a Beneficiary Designation Charitable Gifts Simultaneous Death Absentees Marriage Spouse's Rights Premarital Agreements Marital Agreements Tenancy by the Entirety Disclaimers Government Claims Pension Forfeiture Medicaid IRS Levy Unclaimed Property Tax-Oriented Estate Planning Marital deduction Qualified Domestic Trust for an Alien Who May Give Advice? Common Mistakes 13. Domestic Relations Orders Reason for Retirement Plan Domestic Relations Order Provisions Elements of a Domestic Relations Order Elements of a Plan-Approved Domestic Relations Order PADRO Distribution Before a Participant's Severance Survivor Benefits, Beneficiaries, and Loans State Variations Deciding Whether an Order Is a PADRO Plan Administration Procedures Tax Treatment of a Distribution Under a Deemed QDRO Tax Treatment of a Pre-2002 or Post-2010 PADRO Distribution from a 457(b) Plan Tax Treatment of an Ineligible Plan’s PADRO Distribution Bankruptcy Divorce Negotiation Lawyer's Professional Conduct 14. Impact of Bankruptcy Law on Participant Interests in Governmental Plans Bankruptcy Overview Governmental Plan Concerns Chapter 7 Considerations Chapter 13 Considerations APPENDIX A. Selected Characteristics of Public Retirement Systems APPENDIX B. Uniform Management of Public Employee Retirement Systems Act (1997) APPENDIX C. Uniform Prudent Investor Act APPENDIX D. Recent Court Decisions of Interest Involving Governmental Plans "The Governmental Plans Answer Book is a goldmine of information on public sector retirement plans. I rely on it particularly for information on the ways federal laws and regulations affect state and local plans, and for its reporting of court decisions. Legislative libraries certainly should include this series." Ron Snell, Senior Fellow, National Conference of State Legislatures (NCSL) 457 Answer Book, Fifth Edition Gary S. Lesser, David W. Powell, Peter J. Gulia The 457 Answer Book is an in-depth resource that provides answers to the questions that tax-exempt organizations, state and local governments, their accountants, tax and legal advisors, 457 administrators, product providers, and investment counselors need to know. Guiding readers through all aspe more... Add to cart   |  Price: $355.00  |  ISBN: 9780735565944  |  Format: Hardcover  Imprint: Aspen Publishers  403(b) Answer Book, Eighth Edition Barbara N. Seymon-Hirsch, Janet M. Anderson-Briggs 403(b) Answer Book is the only professional resource that systematically answers hundreds of questions on Section 403(b) plans, 501(c)(3) organizations, and church plans. It provides insight on how to handle complicated issues not yet resolved by the IRS or the courts and includes coverage of p more... Add to cart   |  Price: $335.00  |  ISBN: 9780735508798  |  Format: Hardcover  Imprint: Aspen Publishers  Coverage and Nondiscrimination Answer Book, Fourth Edition Thomas E. Poje, Frank J. Bitzer, Bernadine Topazio Coverage and Nondiscrimination Answer Book is the first reference guide that focuses exclusively on the participation, coverage, nondiscrimination, and compliance requirements that must be met to ensure a plan's qualified status. This book is designed to help plan sponsors and administrators, as  more... Add to cart   |  Price: $355.00  |  ISBN: 9780735581944  |  Format: Hardcover  Imprint: Aspen Publishers  Qualified Domestic Relations Order (QDRO) Answer Book, Fifth Edition Mark W. Dundee Aspen Publishers' Qualified Domestic Relations Order Answer Book's timesaving question-and-answer format cuts through the complexities of preparing, reviewing and administering QDROs and QMCSOs. For over 800 QDRO-related questions, you receive instant, authoritative answers and insights that  more... Add to cart   |  Price: $355.00  |  ISBN: 9780735508873  |  Format: Hardcover  Imprint: Aspen Publishers  Journal of Pension Planning & Compliance Bruce J. McNeil The Journal of Pension Planning & Compliance is the leading source for in-depth coverage of pension compliance and design issues. From complex plan qualification problems to new developments in employee benefits to the latest legislative news, the Journal targets the full range of critic more... Add to cart   |  Price: $449.00  |  PIN: SS01482181  |  Format: Paperback  Imprint: Aspen Publishers