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CARES Act – Changes for Retirement Plans

By Debra B. Hoffman, James C. Williams & Karen F. Grotberg on April 4, 2020
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In the second of a series, our benefits team takes an in depth look at the provisions of the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) affecting retirement plans. Changes include new coronavirus-related distributions, modified plan loan rules, and a temporary waiver of required minimum distributions.  Read more on the Mayer Brown COVID-19 blog.

Photo of Debra B. Hoffman Debra B. Hoffman

Debra Hoffman has practiced in the employee benefit and executive compensation area for over 30 years and had significant depth and breadth in all relevant areas, both in the domestic and international context. Her practice focuses exclusively in the areas of employee benefit…

Debra Hoffman has practiced in the employee benefit and executive compensation area for over 30 years and had significant depth and breadth in all relevant areas, both in the domestic and international context. Her practice focuses exclusively in the areas of employee benefit plans and executive compensation and she advises both public and private clients daily with respect to on-going benefits and executive compensation matters, such as issues relating to employment agreements, equity and equity-based arrangements (including for LLCs and non-corporate entities), deferred compensation arrangements (including application of Code Section 409A), bonus and incentive arrangements (including application of Code Section 162(m)), severance agreements, change in control/golden parachute issues, governmental audits, pension de-risking, and compliance issues (including the IRS and DOL voluntary compliance submissions). Debra also advises creditors and debtors in connection with various types of financing structures, bankruptcy and reorganizations. In addition, Debra has extensive expertise with respect to issues arise in the context of corporate transactions, including divestures, acquisitions, mergers, spin-offs, and initial public offerings.

Read Debra’s full bio

Read more about Debra B. HoffmanEmail
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Photo of James C. Williams James C. Williams
Read more about James C. WilliamsEmail
Photo of Karen F. Grotberg Karen F. Grotberg
Read more about Karen F. GrotbergEmail
  • Posted in:
    Employment & Labor
  • Blog:
    Benefits & Compensation Blog
  • Organization:
    Mayer Brown

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