Planning for 2020: Changes to Hardship Distribution Rules and Amendment Deadlines

December 18, 2019

On September 23, 2019, the Department of Treasury published the final regulations relating to changes to the hardship distribution rules that apply to qualified retirement plans and 403(b) plans, that were enacted under the Bipartisan Budget Act of 2018 (the “BBA of 2018”).  Further guidance was issued in September 2019 and on December 12, 2019 regarding deadlines for the adoption of related plan amendments.

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