Guest %EHK_1948# Posted December 10, 2005 Share Posted December 10, 2005 Are government employers, i.e. the State of New Jersey required to comply with the ERISA Law, specifically as it relates to the attached final report, and the State's obligation to pay in to the Public Employees Retirement System(PERS). final_report.pdf Link to comment Share on other sites More sharing options...
Guest mjb Posted December 11, 2005 Share Posted December 11, 2005 Public employers are exempt from ERISA because government employers can fund their pension obligations by raising taxes to pay for pension benefits. Link to comment Share on other sites More sharing options...
GBurns Posted December 11, 2005 Share Posted December 11, 2005 As far as I know State governments and political subdivisions are governed by state law not by ERISA, but I do sometimes wonder if that is really true because some of the plan documents that I have seen very often make ERISA statements especially regarding claims procedures. Barring bad drafting, I wonder why include something that is not applicable, unless it might really be applicable? George D. Burns Cost Reduction Strategies Burns and Associates, Inc www.costreductionstrategies.com(under construction) www.employeebenefitsstrategies.com(under construction) Link to comment Share on other sites More sharing options...
Locust Posted December 12, 2005 Share Posted December 12, 2005 Governmental employers are exempt from ERISA but may have to meet funding requirements established by the state (ex. the State of NJ might require all NJ governmental employers to meet certain funding requirements). Link to comment Share on other sites More sharing options...
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