Tag Archives: Coronavirus

COVID-19 Pandemic May Force Some Cities to Reset Employee Benefits

As the harsh realities of the coronavirus pandemic, along with its widespread impact on all aspects of daily life, continue to shock and numb us all, many cities have already been identified as “high risk” from a financial stability perspective … Continue reading

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Retirement Plan Changes During COVID-19: Steps Public Agencies Should Follow

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.

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The CARES Act’s New Rules for Coronavirus-related Distributions from Governmental 457(b) Plans

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 from 401(k)s, 403(b)s, … Continue reading

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Using 457(b) Unforeseeable Emergency Distributions During the Coronavirus Crisis

During the Coronavirus emergency, it may make sense for state and local governments that sponsor 457(b) plans to allow their employees to access the monies in their accounts as unforeseeable emergency distributions. Not all governmental 457(b) plans provide for these … Continue reading

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