The IRS issued new proposed regulations that would permanently change the rules that require spousal consent for plan distributions to be signed in the physical presence of a notary or plan representative. Specifically, the...more
Proskauer’s 26th Annual Trick or Treat Seminar was held virtually on Friday, October 29th and discussed timely topics and best practices specifically tailored to the not-for-profit community. ...more
11/3/2021
/ Best Practices ,
CARES Act ,
Charitable Donations ,
Charitable Organizations ,
Coronavirus/COVID-19 ,
Employee Benefits ,
Employer Mandates ,
Environmental Social & Governance (ESG) ,
Hardship Distributions ,
Health and Essential Rights (HERO) Act ,
Infectious Diseases ,
Legislative Agendas ,
OSHA ,
Regulatory Agenda ,
SECURE Act ,
Tax Exempt Entities ,
Tax Reform ,
Vaccinations ,
Workplace Safety
Just when we were about to draft our blog reminding plans of the expiration of the temporary relief. . . The IRS has now issued Notice 2021-40 extending for another year the temporary relief from the requirement that spousal...more
In an earlier post we reviewed the end dates for the ARP COBRA premium subsidy provided by the American Rescue Plan Act of 2021 (“ARP”), and addressed the required expiration notice. This post revisits the topic in light of...more
Due to tight timelines and an initial sprint to issue the special extended COBRA election period notices by the May 31st deadline, plan administrators may not have focused on the other COBRA-related notice requirements under...more
4/22/2021
/ American Rescue Plan Act of 2021 ,
Benefit Plan Sponsors ,
COBRA ,
Coronavirus/COVID-19 ,
Corporate Counsel ,
Department of Labor (DOL) ,
Employee Benefits ,
Employer Group Health Plans ,
Premium Subsidies ,
Relief Measures ,
Special Election
The American Rescue Plan (“ARP”) offers a special 60-day election period for certain individuals who previously declined or discontinued COBRA coverage (“Assistance Eligible Individuals” or “AEIs,” as defined in ARP). These...more
4/22/2021
/ American Rescue Plan Act of 2021 ,
Benefit Plan Sponsors ,
COBRA ,
Coronavirus/COVID-19 ,
Corporate Counsel ,
Department of Labor (DOL) ,
Employee Benefits ,
Employer Group Health Plans ,
Premium Subsidies ,
Relief Measures ,
Special Election
In celebration of Women’s History Month and in collaboration with longtime Firm partnering organization Bottomless Closet, the Proskauer’s Women Alliance have teamed up with Bottomless Closet to present a series of empowering...more
3/11/2021
/ Career Development ,
Coronavirus/COVID-19 ,
Corporate Social Responsibility ,
Gender Equity ,
Low-Income Issues ,
Nonprofits ,
Partnerships ,
Pro Bono ,
Professional Networking ,
Unemployment ,
Women's Equality Act