E.g., 02/24/2021
E.g., 02/24/2021
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Public pension trends in 2020

A survey by the National Conference on Public Employee Retirement Systems (NCPERS) found public pensions are adapting their benefits and business practices to suit a changing environment.
In Notice 2020-51, released on June 23, 2020, the IRS provided additional guidance regarding the waiver of the required minimum distribution (RMD) for the 2020 tax year under the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act. The Notice also includes transition relief for plan administrators and payors related to the change in the required beginning date for RMDs under the Setting Every Community Up for Retirement Enhancement (“SECURE”) Act of 2019.

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