On March 11, 2021, President Biden signed the American Rescue Plan Act of 2021 into law. This law includes a financial aid package to provide assistance to underfunded multiemployer pension plans. It also includes changes to single employer and multiemployer funding rules.
For more on the pension provisions of the ARPA, download the TMC Newsletter here: https://www.mckeogh.com/wp-content/uploads/TMC-Pension-News-March-16-2021-ARPA-2021.pdf
The American Rescue Plan Act of 2021 (ARPA) was passed into law on March 11, 2021 by President Biden. This law provides 100% tax-free subsidies for COBRA continuation coverage to eligible individuals for six months. The subsidy will begin on April 1, 2021 and end on September 30, 2021.
For more information on eligibility, notice requirements, tax credits and actionable steps, download the TMC Newsletter here: https://www.mckeogh.com/wp-content/uploads/TMC-Health-News-March-15-2021-COBRA-Subsidies.pdf