On May 12, 2020, the IRS issued Notice 2020-29, which adds flexibility to the rules governing cafeteria plans under Section 125 of the Internal Revenue Code. As with other benefits-related guidance issued in connection with...more
On May 4, 2020, the IRS published “Coronavirus-Related Relief for Retirement Plans and IRAs Questions and Answers,” providing interpretive guidance for plan administrators, employers, and plan participants on the retirement...more
The changes in employment status due to the COVID-19 pandemic range from reduced hours, to furlough, to layoff, to leave of absence to employment termination. A chief concern for both employers and employees is how a change...more