Pension Distribution Answer Book, 2021 Edition, provides expert guidance on the complex rules governing pension plan distributions. This comprehensive and easy-to-use resource guides the subscriber through the labyrinth of legal, administrative, and tax requirements for all types of distributions from qualified retirement plans.

Updated coverage in the 2021 Edition of Pension Distribution Answer Book includes the following:

The Internal Revenue Services’ (IRS’) final regulations on hardship distributions, issued on September 23, 2019. The Setting Every Community Up for Retirement Enhancement (SECURE) Act’s provision permitting in-service qualified birth or adoption distributions of up to $5,000. The SECURE Act’s provision permitting portability of lifetime income investment options if those options are no longer authorized under a plan. A provision under the Further Consolidated Appropriations Act, 2020 (FCAA), permitting in-service qualified disaster distributions.
A provision under the FCAA, reducing the minimum age for allowable in-service distributions from pension plans from 62 to 591/2. The Coronavirus Aid, Relief, and Economic Security (CARES) Act’s provision permitting in-service coronavirus-related distributions. The SECURE Act’s provision prohibiting the making of participant loans through the use of credit cards or similar arrangements. The CARES Act’s provisions offering temporary participant loan relief in the form of increased loan limits and loans, and permitted delays of certain loan repayments. The SECURE Act’s provisions increasing the age, from 701/2 to 72, for determining a participant’s required beginning date, and changing the post-death required minimum distribution rules for defined contribution plans.

Previous Edition: Pension Distribution Answer Book, 2020 Edition ISBN 9781543811537