Publication
SW Benefits Update: CARES Act Provides Funding Relief For Single Employer Pension Plans
By Anne M. Meyer
With plan sponsors concerned about cash flow, the Coronavirus Aid, Relief and Economic Security Act (CARES) Act provides much needed relief by delaying the minimum required contributions for single employer defined benefit plans. The CARES Act delays the due date for any minimum required contributions otherwise due in 2020 until January 1, 2021 at which time, the 2020 minimum required contributions, plus interest, will be due.
About Snell & Wilmer
Founded in 1938, Snell & Wilmer is a full-service business law firm with more than 500 attorneys practicing in 16 locations throughout the United States and in Mexico, including Los Angeles, Orange County and San Diego, California; Phoenix and Tucson, Arizona; Denver, Colorado; Washington, D.C.; Boise, Idaho; Las Vegas and Reno, Nevada; Albuquerque, New Mexico; Portland, Oregon; Dallas, Texas; Salt Lake City, Utah; Seattle, Washington; and Los Cabos, Mexico. The firm represents clients ranging from large, publicly traded corporations to small businesses, individuals and entrepreneurs. For more information, visit swlaw.com.
