It has been our experience that the CP+PLUS Plan is so innovative in approach that few accountants and tax experts at large in the industry, are aware of the opportunity the plan provides. It is our role to help share this availability with them. By working with a variety of organizations across multiple states, we are able to share the recognition of the plan as it becomes working knowledge. This can also serve as an example of a state that has adopted this opportunity for their employees.
For example, below is a recent response from the Ohio Teacher’s Retirement System:
“After reviewing the additional documentation ……….. it has been determined that the payment should be excluded from STRS Ohio contributions. Please keep a copy of this email for your records and let me know if you have any questions. Thank you,”
— signed by the OHIO TEACHERS RETIREMENT SYSTEM
And again, another state where looking into the details has provided opportunity. Review details of the plan’s functionality and potential in the great State of California. Watch the following video for details:
STATE OF CALIFORNIA TEACHERS RETIREMENT SYSTEM VIDEO-CALSTRS