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American Rescue Plan Saves Employers from Two Months Without Legislation
Eversheds Sutherland
[Guidance Overview] Mar. 15, 2021 "Section 162(m) currently disallows deductions for the CEO, CFO, and top three highest paid officers. The amended section adds the next five highest paid employees to this list.... Several provisions provide funding relief for defined benefit pension plans, particularly for multiemployer plans in financially precarious situations.... Employers that sponsor self-insured plans will need to issue new and revised COBRA notices to subsidy-eligible individuals very quickly." |
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