{"id":8349,"date":"2020-04-08T16:01:33","date_gmt":"2020-04-08T21:01:33","guid":{"rendered":"http:\/\/blogs.acu.edu\/hr\/?p=8349"},"modified":"2020-04-08T16:01:33","modified_gmt":"2020-04-08T21:01:33","slug":"cares-act-provisions-affecting-retirement-plans","status":"publish","type":"post","link":"https:\/\/blogs.acu.edu\/hr\/2020\/04\/08\/cares-act-provisions-affecting-retirement-plans\/","title":{"rendered":"CARES Act Provisions Affecting Retirement Plans"},"content":{"rendered":"<p><span style=\"font-weight: 400\">As a participant in the Abilene Christian University 403(b) Retirement Plan, we want to make you aware of the options available to you as a result of the Coronavirus Aid, Relief and Economic Security (CARES) Act. <\/span><span style=\"font-weight: 400\">ACU has chosen to adopt the following CARES Act provisions for our retirement plan:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Penalties and withholding are waived for qualified distributions from retirement plan accounts<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Optional suspension of required minimum distributions (RMDs) for 2020<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">In addition to these CARES Act relief measures, the deadline for 2019 Individual Retirement Account (IRA) contributions has been extended from April 15 to July 15, 2020. <\/span>Read important details <a href=\"https:\/\/docs.google.com\/document\/d\/1hSSsAOF8zF_kbiLN3aGm66S8GI9cM2BCJkA9_5kEiaU\/edit?usp=sharing\">here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As a participant in the Abilene Christian University 403(b) Retirement Plan, we want to make you aware of the options available to you as a result of the Coronavirus Aid, Relief and Economic Security (CARES) Act. ACU has chosen to adopt the following CARES Act provisions for our retirement plan: Penalties and withholding are waived [&hellip;]<\/p>\n","protected":false},"author":5034,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[6377],"tags":[],"class_list":["post-8349","post","type-post","status-publish","format-standard","hentry","category-benefits"],"_links":{"self":[{"href":"https:\/\/blogs.acu.edu\/hr\/wp-json\/wp\/v2\/posts\/8349","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.acu.edu\/hr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.acu.edu\/hr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.acu.edu\/hr\/wp-json\/wp\/v2\/users\/5034"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.acu.edu\/hr\/wp-json\/wp\/v2\/comments?post=8349"}],"version-history":[{"count":1,"href":"https:\/\/blogs.acu.edu\/hr\/wp-json\/wp\/v2\/posts\/8349\/revisions"}],"predecessor-version":[{"id":8350,"href":"https:\/\/blogs.acu.edu\/hr\/wp-json\/wp\/v2\/posts\/8349\/revisions\/8350"}],"wp:attachment":[{"href":"https:\/\/blogs.acu.edu\/hr\/wp-json\/wp\/v2\/media?parent=8349"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.acu.edu\/hr\/wp-json\/wp\/v2\/categories?post=8349"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.acu.edu\/hr\/wp-json\/wp\/v2\/tags?post=8349"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}