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IRS Ruling
Updated
On: Oct 20, 2008 (06:17:00)
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IAFF Continues to Work to Ensure Fire Fighter Pensions Remain Unchanged
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At the urging of the IAFF and other public sector groups, the IRS has announced it will delay implementation of a regulation that would change the rules for determining pension eligibility.
Under a proposal issued last year, the IRS sought to do away with using years of service as a criteria to determine eligibility for a pension, seeking to replace it with a straight eligibility age.
The new regulation was scheduled to go into effect on January 1, 2009, but after hearing about the serious disruptions this would create for public pension plans, the IRS postponed the effective date until January 1, 2011.
The IAFF will continue working with the IRS and its allies in Congress to assure that fire fighter pensions remain intact.
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Attack on Retirement System
Updated
On: Oct 15, 2008 (06:55:00)
There are those who think it would be better for employees and the taxpayers to change the Public Employee Retirement System to a defined contribution. The attached study shows just the opposite!
Download:
nirs_report.pdf
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