Impacts of COVID-related legislation on employer retirement plans

Since last week’s video alert for employers, “Practical workplace implications of the Families First Coronavirus Response Act,” yet another COVID-related law was passed in Congress and signed by President Trump. Considered as “Phase 3” of Congress’s response to the COVID-19 pandemic, the Coronavirus Aid, Relief, and Economic Security (CARES) Act is intended to provide $2 trillion in relief to individuals and businesses that are impacted by the coronavirus public health emergency.

In this video alert, McAfee & Taft employee benefits lawyers Richard Nix, Brandon Long and Judy Burdg discuss the CARES Act’s provisions and requirements for employer-sponsored retirement plans. In a companion video alert, we focus on the impact of the FFCRA and CARES Acts on employer-sponsored health and wellness plans.

This video was recorded March 29, 2020.
NOTE: This alert is not eligible for continuing education credit (e.g. HRCI, SHRM or CLE).

Additional Employer Resources

LINC Video Alert

March 30, 2020