Hurricanes Katrina And Rita Generate A Storm Of Relief For Employee Benefit Plan Sponsors, Participants And Beneficiaries
Faced with some of the worst natural disasters in our country's history, Congress and governmental agencies struggle to find ways to reduce the toll of human suffering. Only a small part of the offered relief relates to employee benefit plans. Even so, the effect on employee benefit plan sponsors, participants and beneficiaries is substantial. This article summarizes recent regulatory and legislative Hurricane Katrina and Rita relief relating to employee benefit plans. Primarily, the relief discussed below affects plan sponsors, participants, and plans located directly in the Hurricane Katrina and Rita disaster areas. However, some relief extends to
participants who have certain relatives who are directly affected by the Hurricane Katrina. Learn more.
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