DOL Releases New Guidance on the COVID-19 Outbreak Period
… must continue beyond March 1, 2021. On February 26, 2021, the Department of Labor (DOL), in conjunction with the other regulatory Agencies, released Disaster Relief Notice 2021-01 (Notice 2021-01), giving guidance on the extension of the Outbreak Period. The guidance explains the operation of the continued relief afforded employee benefit plans, plan participants, and beneficiaries due to the COVID-19 national outbreak. The Outbreak Period was set to expire on March 1, 2021. As explained in a previous post, the Employee Benefits Security Administration of the Department of Labor (EBSA), in coordination with the Department of the Treasury …
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