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| Event: |
2st Quarter Board Meeting |
| Dates: |
April 13-15, 2012 |
| Place: |
The Westin South Coast Plaza
686 Anton Boulevard
Costa Mesa, CA 92626
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| Rate: |
$109.00/night plus taxes |
| RSVP: |
By Monday, March 19, 2012 |
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Association of
California State Supervisors
1108 O Street, Suite 317
Sacramento, California 95814
(916) 326-4257 • (800) 624-2137
For questions about this site, contact Kevin Glidden at (916) 326-4302 or kglidden@calcsea.org
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ACSS News
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To view blog postings by category, click the Blog Topic of your choice at left. For questions about this Web site please email us.
Sep
24
Written by:
ACSS Communications
9/24/2008 3:27 PM
The State Worker columnist, Jon Ortiz, is once again asking for your thoughts. This time it's on a matter that pobably concerns most of you: your retirement.
Ortiz is reporting in his Sacramento Bee blog this week that the IRS is proposing a new regulation that could alter your retirement plans. Specifically, it could make it difficult for you to retire and collect benefits as early as age 55. The IRS' preferred retirement age would be 62.
The rationale, as stated in IRS Bulletin 2007-35, Section 1.401(a)-1(a)(2)(i), is that a retirement plan's normal retirement age must be no earlier than the earliest age "reasonably representative of the typical retirement age for the industry." In some cases, this "earliest age" could be 55. The years the employee worked would no longer be a factor in computing retirement eligibility.
There are still a lot of unanswered questions about this proposal, including whether it covers public or private pension plans and how it would be applied. Ortiz links to many resources in his blog. We'll include a few of them below.
Meanwhile, Ortiz, whose column focuses solely on state workers, is looking for your own thoughts on how such a regulation would affect you. Email Ortiz at jortiz@sacbee.com.
More resources:
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