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1 1 (May 17, 2021)

handle is hein.crs/govedii0001 and id is 1 raw text is: Congressional aResearch Service ~nformrng the I gislative debate since 1 14____________________ COVID-19: Selected Financial and Social Service Resources for Older Americans Updated May 17, 2021 This Insight links to selected resources for older constituents who have been financially affected by the Coronavirus Disease 2019 (COVID-19) pandemic. Social Security During the pandemic, the Social Security Administration (SSA) continues 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) webpage and SSA's blog. Other resources include 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 Coronavirus Aid, Relief, and Economic Security (CARES) Act (P.L. 116-136) 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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