Uncertain Future For Taxation On Public Pensions

Paul Caron, Pepperdine University Law Professor and purveyor of the TaxProfBlog site, is calling attention to THIS new wrinkle arising from the IRS position on changes to public pension systems that would allow municipalities to shift workers into new, less-expensive plans without losing any tax advantages they had under the old plan.  The situation originated in Orange County, California, but could be coming to a municipality near you.