The first step for the 117th Congress in enacting relief for defined benefit (DB) pension plans from the consequences of the COVID-19 pandemic is included in “The Emergency Pension Plan Relief Act of 2021.” There are two companion bills that are almost identical and call for statutory relief for single employer and multiemployer DB pension plans by amending their respective parts of the tax code. This Benefits Alert briefly summarizes Title II of the bills for single employer DB plans.
Benefits Alert: Single employer defined benefit pension plan relief introduced in H.R. 409 and H.R. 423 bills: The Emergency Pension Plan Relief Act of 2021
ByCharles Clark, and Christopher Wood
27 January 2021
Benefits Alert: Single employer defined benefit pension plan relief introduced in H.R. 409 and H.R. 423 bills: The Emergency Pension Plan Relief Act of 2021