Month: February 2021

Retirement Plan Elections/Consents: IRS Extends Temporary Relief From the Physical Presence Requirement for Participant Elections/Consents Witnessed by a Notary Public or Plan Representative | Hodgson Russ LLP

Under the qualified retirement plan rules, there are certain circumstances in which a participant election or a spousal consent must be witnessed by a notary public or a plan representative. For purposes of witnessing those elections and consents, Notice 2020-42 provided relief from the physical presence requirement through December 31, 2020 if certain conditions were …

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Consolidated Appropriations Act, 2021 (CAA): Retirement Plan Relief | Hodgson Russ LLP

On December 27, 2020, the President signed the Consolidated Appropriations Act of 2021 (“CAA”) that included a number of COVID-related relief provisions for employee benefit plans. For retirement plans, the relief provisions include: Partial Plan Termination Relief. There has been an ongoing concern that work force reductions in connection with the pandemic would trigger partial …

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New bill looks close retirement loophole for injured federal first responders — FCW

Workforce New bill looks close retirement loophole for injured federal first responders By Natalie Alms Feb 01, 2021   Firefighters in Los Padres National Forest. (Image credit: Joseph Sohm / Shutterstock.com) A bipartisan bill introduced in the House and Senate would change the retirement classification of injured federal first responders who return to …

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Panola Co. sheriff announces May retirement, commission appoints first female sheriff as interim

PANOLA COUNTY, Texas (KTAL/KMSS) – Panola County Sheriff Kevin Lake has announced plans to retire in May after eight years in the job, expressing high confidence and sharing praise for the sheriff’s office captain who will take on his role until the next election. “I have had a great career, but it’s time to move …

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Tom Brady gives update on when he might consider retiring

For years, whenever Tom Brady has been asked about potentially retiring, he’s thrown around age 45. Speaking Monday via video conference during Super Bowl Opening Night, the 43-year-old was asked if he’d ever consider playing past 45. “I would definitely consider that,” he. “And again, it’s a physical sport, and just the perspective I have …

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Ascensus Receives Top Honors from Retirement Plan Sponsors for Providing Best in Class Support

DRESHER, Pa., Feb. 1, 2021 /PRNewswire/ — Ascensus—whose technology and expertise help millions of people save for retirement, education, and healthcare—is pleased to announce that it has received the most Best in Class awards among all providers for retirement plan segments up to $50 million in assets in the 2020 PLANSPONSOR Magazine Defined Contribution (DC) Survey. …

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