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ALERT: Changes to the Hardship Distributions Rules effective January 1, 2020

ALERT: Changes to the Hardship Distributions Rules effective January 1, 2020

Elimination of 6-Month Suspension. Beginning January 1, 2020, plans may no longer impose a 6-month suspension on participants who take hardship distributions. In lieu of the 6-month suspension, effective as of January 1, 2020, plans must require participants to sign…

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