New hazard, COVID-19To date, over 100,000 deaths in the United States have been attributed to COVID-19. Employers have responded by allowing non-essential workers, and those who can work remotely, to work from home. However, a significant portion of the public sector workforce are considered esse…Continued
In a recent Bolton Insight, we discussed remote notarization of retirement plan consent documents. The Internal Revenue Service (IRS) requires that spousal consent to the waiver of a qualified joint and survivor annuity in a defined benefit plan must be signed in the “physical presence” of a plan r…Continued
Look-back Measurement Method & COVID-19The coronavirus (COVID-19) pandemic has caused some confusion in applying the look-back measurement method during periods of layoff, furlough, and COVID-19 related periods of paid and unpaid leave. Federal agencies have not issued guidance regarding the AC…Continued
On May 15, 2020, the House approved the Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act. Although the bill is unlikely to advance in the Senate as written, there are two significant funding relief items that would benefit single employer pension plans that may work themselves …Continued
Return to Work Plans Following the COVID-19 PandemicThe coronavirus (COVID-19) pandemic has interrupted many businesses across the country. While it’s unclear how long COVID-19 will continue to affect organizations, many employers are looking to the future of employees returning to work.Echoing the…Continued
In the first quarter of 2020, the yields on U.S. Treasury securities fell to record lows, producing high returns for that sector. At the same time, the "spread" on U.S. corporate bonds rose significantly. Click to read full report.Continued
