Governmental 457(b) plans are a familiar part of the benefits package at many public agencies. Employees can defer a portion of their compensation and into the plan for retirement, often as a supplement to a defined benefit pension. It is tempting to think of a governmental 457(b) plan as the public sector version of a
Public agency employers in California are facing increasing pressure to offer competitive, flexible, and legally compliant employee benefits. But there is one foundational document many agencies still overlook or perhaps do not fully understand—the Section 125 cafeteria plan. Without it, certain popular and tax-advantaged benefits cannot be offered, and agencies may inadvertently run afoul of