2022 Trust Forum Presentations

Internal Use Only

Legislative Update

• COVID relief legislation – i.e., the CARES Act and Families First Act – included provisions affecting benefit plans. • In addition to various general relief measures, the laws addressed retirement policy in several ways, including by:

• Expanding existing worker protection laws (e.g., FMLA). • Expanding/relaxing conditions for health insurance coverage.

• Modifying retirement laws to increase access to benefits (e.g., plan loans and distributions) and mitigate losses as a result of economic decline (e.g., RMD rules).

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Internal Use Only

Legislative Update

Build Back Better – Proposed Changes • Focus on “mega” IRAs.

• Contribution restrictions on certain taxpayers. • Mandatory distributions for certain taxpayers. • Elimination of “back door” Roth IRA conversions. • Extension of statute of limitations for IRS enforcement.

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