{"id":5257,"date":"2021-01-19T08:11:06","date_gmt":"2021-01-19T13:11:06","guid":{"rendered":"http:\/\/therosenbaumlawfirm.com\/blog\/?p=5257"},"modified":"2021-01-19T08:11:06","modified_gmt":"2021-01-19T13:11:06","slug":"money-purchase-plan-distributions-available-for-covid-relief","status":"publish","type":"post","link":"https:\/\/therosenbaumlawfirm.com\/blog\/?p=5257","title":{"rendered":"Money purchase plan distributions available for COVID relief"},"content":{"rendered":"\n<p>The Consolidated Appropriations Act, 2021, signed into law by President Donald Trump on December 27, 2020, provided COVID-19 relief, including some retirement plan law changes.<\/p>\n\n\n\n<p>The COVID-Related Tax Relief Act of 2020, which is Subtitle B of the Act, amends the&nbsp;CARES Act&nbsp;to provide that in-service distributions from money purchase pension plans can qualify as COVID CARES Act distributions. This change is effective as if made part of the CARES Act.<\/p>\n\n\n\n<p>Money purchase plans still do exist and they should have been treated the same as other Defined Contribution Plans, as it pertains to the CARES Act.<\/p>\n\n\n\n<p><\/p>\n<p><span class='st_sharethis' st_title='{title}' st_url='{url}' displayText='ShareThis'><\/span><\/p>","protected":false},"excerpt":{"rendered":"<p>The Consolidated Appropriations Act, 2021, signed into law by President Donald Trump on December 27, 2020, provided COVID-19 relief, including some retirement plan law changes. The COVID-Related Tax Relief Act of 2020, which is Subtitle B of the Act, amends &hellip; <a href=\"https:\/\/therosenbaumlawfirm.com\/blog\/?p=5257\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n<p><span class='st_sharethis' st_title='{title}' st_url='{url}' displayText='ShareThis'><\/span><\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/5257"}],"collection":[{"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5257"}],"version-history":[{"count":1,"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/5257\/revisions"}],"predecessor-version":[{"id":5258,"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/5257\/revisions\/5258"}],"wp:attachment":[{"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5257"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5257"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5257"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}