IRS clarifies that contribution to single-employer defined benefit plan due January 1, 2021 under CARES Act extension will be timely if paid by January 4, 2021

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November 16, 2020
2020-2702

The IRS has clarified (Notice 2020-82) that a contribution to a single-employer defined benefit pension plan with an extended due date of January 1, 2021 under the CARES Act will be considered timely if made no later than January 4, 2021, which is the first business day after January 1, 2021.

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