DOL Addresses Retirement Plan Concerns for California Wildfire Victims

The Department of Labor’s Employee Benefits Security Administration (EBSA) released an FAQ for participants and beneficiaries in benefit plans impacted by the recent California wildfires.

The FAQ addresses several benefits-related issues in light of the wildfires, such as health, COBRA, and retirement benefit questions. The retirement benefit questions address issues such as an employer’s business being closed due to the fires, who to contact, how to receive funds, and where to get more information.

The guidance encourages individuals with additional questions about their rights under a benefit plan to speak with their plan administrator or contact an EBSA benefits advisor.