$1.9 Trillion COVID-19 Stimulus Legislation Includes COBRA Premium Assistance, Retirement Plan Funding Relief, and an Expansion of Covered Employees Under Section 162(m) | Practical Law
Congress has passed and the President has signed the American Rescue Plan Act of 2021 (ARPA-21). ARPA-21 contains numerous employee benefits and executive compensation provisions, including premium assistance for health plan continuation coverage under the Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA), single-employer defined benefit plan funding relief, financial assistance to multiemployer pension plans, and an expansion of the definition of "covered employee" under Section 162(m) of the Internal Revenue Code.