USA IRS : Relief from Physical Presence Requirement for Spousal Consents Under Qualified Retirement Plans

By | December 24, 2020
(Last Updated On: December 26, 2020)

N-21-03: Extension of Temporary Relief from the Physical Presence Requirement for Spousal Consents Under Qualified Retirement Plans

In response to the continuing public health emergency caused by the Coronavirus Disease 2019 (COVID-19) pandemic, Notice 2021-03 extends from January 1, 2021, through June 30, 2021, the temporary relief provided in Notice 2020-42, 2020-26 I.R.B. 986, from the physical presence requirement in Treasury Regulation § 1.401(a)-21(d)(6) for participant elections required to be witnessed by a plan representative or a notary public, and solicits comments with respect to the relief.

Notice-2021-3 will appear in IRB 2021-02, dated Jan. 11, 2021.

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