We alerted you on Monday to pending IRS rule changes that, according to this story in the Las Vegas Review-Journal, could push many public employees to retire later than age 55.
The IRS would do this, according to the story, by requiring retirement benefits be given on the basis of age only -- length of service would no longer apply to when someone is eligible. A plan would completely comply with IRS requirements if retirees don't receive benefits until age 62.
We've invited you to report this story with us by reviewing documents and posing questions for us to ask our sources as we delve into this issue. You can click here to read the IRS notice of the rule change and a letter from several concerned organizations responding the idea by clicking here.
Here are a few more items for you to look over:
The Henderson, Nev., city memo that was the basis of the Las Vegas story.
An analysis of the IRS rule change by actuarial firm Gabriel, Roeder Smith & Co.
With those documents in hand, where should we go from here? As we talk to CalPERS, the IRS, unions and professional groups, what questions need to be answered? And what about you, the state worker? What is your take on all of this?
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