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On Friday, August 31, President Trump signed an Executive Order directing the Department of Labor (DOL) and the Treasury to review and consider issuing regulations regarding increasing access to workplace retirement savings arrangements.

Changes in Hardship Rules Coming in 2019

Congress passed the Bipartisan Budget Act of 2018 (the "Act") earlier this year. Included in the Act are three provisions which will give retirement plans greater flexibility in handling hardship distributions. The following is an overview of the upcoming opportunities