Congress has already passed three extremely expensive COVID-response packages and is actively considering a fourth. Although the primary focus of these response packages has been to fund hospitals, clinics, first responders, and small businesses, they have also included a number of employee benefit and retirement-related provisions that have all been directly or indirectly related to the COVID pandemic (e.g. allowing affected employees to access their retirement savings without penalty; permitting employers to use federal loans to maintain employee benefits, etc.). Transamerica will continue working with Congress on identifying these types of issues that have such an important impact on people’s financial lives.

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