In order to comply with IRS regulations, new higher education and education employees will need to choose their pension plan no later than their date of hire beginning on March 31, 2017.
It is critical, given the unfortunately short time frame for an employee to make such a crucial life decision, that very short, readable, and objective summaries of the key features of the different plan choices (SERS, TRS, ARP, and Hybrid) be available to people.
The 4Cs will be working to ensure that new hires after March 31 receive advance notice of their pension options with their offer letters.
ebenson March 9th, 2017
Posted In: Retirement, SEBAC