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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