On March 11, 2021 President Biden signed the American Rescue Plan Act (Public Law 117-2) ("ARPA"). Among its many provisions, the statute contains "funding relief" for single employer defined benefit pension plans. This...more
5/21/2021
/ American Rescue Plan Act of 2021 ,
Benefit Plan Sponsors ,
Biden Administration ,
Coronavirus/COVID-19 ,
Employee Benefits ,
GAAP ,
Interest Rates ,
Internal Revenue Code (IRC) ,
IRS ,
PBGC ,
Pensions ,
Relief Measures
Tax-exempt and public-school employers who maintain 403(b) retirement plans for their employees must update their plan documents to comply with applicable legal qualification requirements (as opposed to individual design...more