CPPF October 31, 2002

FICA Alternative Plans under IRC Section 3121

Presented by Mark L. Powers, Precision Retirement Group

1) History of Social Security

2) Government Coverage Under 218 Agreements

3) Exclusion Allowances
* Connecticut Public Act 277

4) Medicare Coverage 1986

5) Omnibus Budget Reconciliation Act 1990, effective July 1, 1991

6) Mandated Social Security Coverage or Alternative Plan for Previously Excluded Employees

7) Alternative Plans: a) Mandatory or Voluntary Implementation
b) 7.5% contributions
c) Investment Options

8) Employer Benefits

9) Employee Benefits: Four Classifications of Affected Employees

10) Summary