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- Using a Section 115 Trust to Help Manage Pension Obligations 2.2k views | posted on September 13, 2017
- Public Agency Board Members’ Worker Classification Matters for Tax Purposes 1.3k views | posted on July 22, 2019
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- Chapter 13: Some Things Are Worth Repeating – Beware of PTO Cash-Outs! 1k views | posted on April 22, 2014
- Using 457(b) Unforeseeable Emergency Distributions During the Coronavirus Crisis 1k views | posted on March 24, 2020
- Chapter 28: Why Cashing Out PTO Next Year Doesn’t Work 1k views | posted on August 15, 2016
- The CARES Act’s New Rules for Coronavirus-related Distributions from Governmental 457(b) Plans 893 views | posted on April 2, 2020
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Tag Archives: 457 hardship distributions
Retirement Plan Changes During COVID-19: Steps Public Agencies Should Follow
By Jeff Chang Although many employers plan to make changes to their retirement plans to take advantage of employee-friendly CARES Act provisions, public agencies should not blindly adopt recommended changes without thinking about the steps involved.
Posted in 401(a), 457(b) Plans, Plan Administration, record-keeping
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Tagged 457 hardship distributions, CARES Act, Coronavirus, coronavirus-related distributions, participant loans, plan amendment, SECURE Act
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The CARES Act’s New Rules for Coronavirus-related Distributions from Governmental 457(b) Plans
By Jeff Chang As expected, the recently enacted Coronavirus Aid, Relief, and Economic Security Act contains provisions providing affected workers with greater, more tax-favored, access to portions of their retirement savings. Although it will be possible to make Coronavirus-related distributions … Continue reading →
Posted in 457(b) Plans, Plan Administration
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Tagged 457 hardship distributions, CARES Act, Coronavirus, coronavirus-related distributions
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Comments Off on The CARES Act’s New Rules for Coronavirus-related Distributions from Governmental 457(b) Plans