Defined Contributions Consultant
Nova 401(k) Associates
Plan Design Consultants, Inc.
AimPoint Pension Group
Healthcare Actuarial Consultant
Retirement Plan Solutions, Inc.
EPIC Retirement Plan Services
Retirement Plan Sales Consultant
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
<< Previous news item | Next news item >>
|IRS Updates Guidance for COVID-19-Related Bona Fide Rehires|
McDermott Will & Emery
Dec. 10, 2021
"According to the IRS, a rehire due to COVID-19-related 'unforeseen circumstances' generally would not disqualify an individual's prior retirement from being considered a bona fide retirement under a defined benefit plan. However, the IRS cautioned that such a rehire cannot include any prearrangement to rehire the individual prior to the individual's retirement. Such a prearrangement still yields a retirement that is not 'bona fide.' "
|Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the link above).|
|An important word about authorship: BenefitsLink® is providing a hypertext link to the item shown above, but is not the author of the item (unless otherwise specified).|
Advertise in the BenefitsLink Newsletters