Page 34 - கூட்டு தேர்ந்தெடுக்கவும் குழு News Today : Breaking News, Live Updates & Top Stories | Vimarsana

New COVID-19 Stimulus Bill Includes Significant Pension Reforms and Expands Scope of 162(m) Compensation Deduction Limit Wednesday, March 10, 2021 Today, the House of Representatives passed the $1.9 trillion American Rescue Plan Act of 2021 (the “ARPA”). The ARPA has already been approved by the Senate and is expected to be quickly signed into law by President Biden. This client alert addresses Title IX, Subtitle H of the new legislation, which includes significant pension reforms for multiemployer and single-employer pension plans, and expands the number of covered employees for the limitation on the deductibility of executive compensation under Section 162(m) of the Tax Code.

United statesCommittee on solvency of multiemployer pensionAreas pension fundCommunity newspaperSetting every community up for retirement enhancementPension benefit guaranty corporationAmerican rescue plan actFinancial assistanceSeverely underfunded multiemployerCentral statesSouthwest areas pension fundJoint select committeeMultiemployer pension plansMultiemployer pension reform actSpecial financialEmployer withdrawal