Archives: 2020

COVID-19 Pension Related Impacts – Line of Duty Benefits

New hazard, COVID-19To date, over 100,000 deaths in the United States have been attributed to COVID-19.  Employers have responded by allowing non-essential workers, and those who can work remotely, to work from home.  However, a significant portion of the public sector workforce are considered esse…Continued

COVID-19 Compliance Update

Look-back Measurement Method & COVID-19The coronavirus (COVID-19) pandemic has caused some confusion in applying the look-back measurement method during periods of layoff, furlough, and COVID-19 related periods of paid and unpaid leave. Federal agencies have not issued guidance regarding the AC…Continued

Impact of the Proposed HEROES Act on Single Employer Pension Plans

On May 15, 2020, the House approved the Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act. Although the bill is unlikely to advance in the Senate as written, there are two significant funding relief items that would benefit single employer pension plans that may work themselves …Continued