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April 25th, 2023
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The Secure Act 2.0 deals with many benefit-related matters including changes to the prior law which generally required retirement plan fiduciaries to take reasonable action to recover any overpayment of plan benefits – even if the overpayment resulted from mistakes made by administrators of the plan. Such action would require efforts to recover benefit overpayments […]
April 17th, 2023
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President Biden signed a resolution terminating the COVID National Emergency as of April 10, 2023. This accelerates the May 11 termination date for the COVID National Emergency announced on January 30, 2023, and means that the benefits-related COVID relief provisions will now expire one month earlier. This leaves plan sponsors and their advisors one month […]
January 26th, 2023
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The Consolidate Appropriations Act of 2023 (the “Act”) is an amalgamation of separate bills signed into law at the end of 2022 to collectively authorize $1.7 trillion in additional U.S. Government spending. Included in the package is the “SECURE 2.0 ACT of 2022” which includes a number of provisions that generally favor and promote employee […]