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View More American Society of Pension Professionals & Actuaries [ASPPA] Webcasts and Conferences

Hardship Withdrawal Changes: COVID-19 impact

American Society of Pension Professionals & Actuaries [ASPPA]

Aug. 5, 2020
2:00 p.m. - 2:50 p.m. ET

This webcast will begin with a refresher on the hardship changes under the Bipartisan Budget Act of 2018, including the expansion of the sources money now available for hardship as well as the new permissible withdrawal "event" for FEMA declared disasters.

The session will also cover the temporary withdrawal relief under the CARES Act for COVID-19 impacted participants, and related DOL and IRS guidance, and relief from certain documentation requirements.  

In addition, the retroactive amendment requirements for hardship withdrawals will be addressed. An interactive question and answer session will follow the presentation to assist in the learning process.

Learning Objectives:

  • Develop procedures around COVID relief
  • Enhance your knowledge of the new rules around hardship withdrawals
  • Incorporate new hardship rules into the transaction approval process

Speaker: Michael F. Smith, QPA, OKA, Vice President, Voya Financial

More Information, How to Register

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