ARPA Includes Key Funding Relief Provisions

Nate WuthrichBlog, Retirement

Last week saw the American Rescue Plan Act of 2021 (ARPA) signed into law. In addition to providing additional COVID-related stimulus through direct payments and extended unemployment benefits, the law has funding relief provisions for single-employer pension plans. The law most notably impacts two areas: Shortfall AmortizationsThe period for shortfall amortizations is permanently extended from 7 to 15 years, effective … Read More