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On February 26, 2021, the DOL issued guidance regarding the impact of that statutory limitation on the previously announced deadline extensions, in EBSA Disaster Relief Notice 2021-01. . ....
Friday, March 5, 2021 In accordance with emergency powers granted in the wake of the COVID-19 pandemic, the IRS and DOL extended a number of benefit plan–related deadlines and provided other relief for participants and plan sponsors. The Jones Walker May 22, 2020, Employee Benefits Client Alert provided a summary of the guidance. On Friday, February 26, 2021, the DOL issued additional guidance on certain benefit plan–related deadlines, just before the expiration of certain relief the following Monday. Deadline extensions may continue past February 28, 2021, provided the deadline at issue has not already been extended by one year as of such date, and extensions must be measured on a person-by-person basis. ....
EBSA Disaster Relief Notice Highlights Pandemic’s Lasting Impact This latest regulatory development is just another piece of evidence underscoring how extraordinary the last 12 months have been. Reported by A new commentary shared with PLANSPONSOR by a team of attorneys at the Wagner Law Group provides helpful interpretive information about the recently published Employee Benefits Security Administration (EBSA) Disaster Relief Notice 2021-01. The Wagner attorneys note that this disaster relief is related to actions taken early on in the coronavirus pandemic by the Trump administration. As they recall, on March 13, 2020, then-President Donald Trump issued a formal proclamation declaring a national emergency concerning the novel coronavirus disease outbreak. The proclamation was accompanied by a separate letter which determined that a national emergency existed nationwide, beginning March 1, 2020, as a result of the COVID-19 outbreak. ....
As discussed in our prior blog post, on April 28, 2020, the Employee Benefits Security Administration, U.S. Department of Labor, Internal Revenue Service, and Treasury Department (the. ....
To embed, copy and paste the code into your website or blog: Last year the IRS and Department of Labor (DOL) extended various ERISA and COBRA deadlines for employee benefit plan participants affected by COVID-19. The extended deadlines included: The timeframe to elect COBRA continued health coverage; The deadline for making COBRA premium payments; Requests for special enrollment in a group health plan under HIPAA; The deadline for filing ERISA benefit claims and appeals; and The deadline for employers to provide certain plan-related notices and disclosures. This relief began March 1, 2020, and was to end 60 days after the government’s announcement of the end of the COVID-19 National Emergency (the “Outbreak Period”). One year later, the COVID-19 National Emergency is still in place, so the Outbreak Period is still in effect. ....