David Robb Labor EditorThe DGA Pension & Health Plans have extended the opportunity for participants to take temporary loans of up to $20,000 against their supplemental benefit retirement funds “as part of ongoing efforts advocating for member relief during the COVID-19 crisis.” The loans had previously been allowed through July 31, but will now be available through the end of the year.
The extension was approved unanimously by the Plans’ board of trustees.The Plans told participants that before applying for the loans, they should “seek alternative means of support in order to preserve your retirement funds to the extent possible and ensure the availability of adequate financial resources during your later years.
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