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Family 'SECURity': Early Withdrawal Tax Exception for Qualified Births and Adoptions
Hall Benefits Law Link to more items from this source
[Guidance Overview]
Sept. 21, 2020

"[Notice 2020-68] clarifies that if a retirement plan is amended to allow qualified birth or adoption distributions, the plan is required to accept recontributions if the individual received such a distribution from that plan and the individual is eligible to make a rollover distribution to that plan at the time of recontribution. This suggests that an employee who receives a qualified birth or adoption distribution and then separates from service will not be able to make a recontribution to that plan. Presumably, however, these individuals would be able to recontribute the amount to an IRA."

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