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1 1 (March 10, 2021)

handle is hein.crs/govecor0001 and id is 1 raw text is: Congressionalj *.Research Service Inform rng the Iegislative debate since 1 14____________________ COVID-19: Selected Financial and Social Service Resources for Older Americans Updated March 10, 2021 This Insight provides links to selected financial and social service resources for older Americans who may have suffered economic distress due to the Coronavirus Disease 2019 (COVID-19) pandemic. Social Security During the COVID-19 pandemic, the Social Security Administration (SSA) is continuing to pay benefits. Although Social Security offices are closed for walk-in service, many services are available online. Additional guidance appears on SSA's Coronavirus Disease (COVID-19) and SSA's blog. Individuals may also consult SSA (Workers): Your Options: Working, Applying for Retirement, or Both?; SSA (Workers): Benefits Planner, Retirement; CRS Report R44948, Social Security Disability Insurance (SSDI) and Supplemental Security Income (SSI): Eligibility, Benefits, and Financing; and CRS Report R44670, The Social Security Retirement Age. Retirement Income The CARES Act allowed for penalty-free coronavirus-related distributions (CRDs) from certain retirement accounts in 2020 and suspended required minimum distributions for 2020, among other provisions. The deadline to take a CRD was December 30, 2020; however, individuals with employer- sponsored plans may be able to take a hardship distribution or loan (if the plan permits). Participants in the federal Thrift Savings Plan (TSP) can find revisions to plan operations at the TSP's COVID-19: Latest Information. Information is also available from the Internal Revenue Service (IRS) at Coronavirus-related relief for retirement plans and IRAs questions and answers. Other resources include Congressional Research Service https://crsreports.congress.gov IN11410 CRS INSIGHT Prepared for Members and Committees of Congress -

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