Layoffs and furloughs can be challenging to navigate and can have a direct impact on your employer-sponsored retirement plan, e.g. your company 401(k) or 403(b) plan. We’re here to help outline the potential impacts, considerations, and support you through this challenging period.
UPDATE – May 15, 2020: In a press release, California Insurance Commissioner Ricardo Lara requests that the grace period to pay insurance premiums be extended until July 14, 2020, which is 60 days from the date of this notice. Review original request here.
UPDATE – May 15, 2020: In a press release, California Insurance Commissioner Ricardo Lara extended his previous order requiring insurance companies to partially return insurance premiums amid the ongoing COVID-19 pandemic. The order now includes the month of May, in addition to the already included months of March and April. Review original request here.