The IRS and the Departments of the Treasury and Labor are providing broad-based relief to retirement plan participants affected by Hurricane Katrina. 401(k) plan participants, employees of public schools and tax-exempt organizations with 403(b) tax-sheltered annuities, and state and local government employees with certain 457 deferred compensation plans may be eligible. IRA participants may also be eligible for relief under liberalized procedures.

Employees and former employees whose principal residence or place of employment on 8/29/05 was located in one of the counties or parishes in Louisiana, Mississippi or Alabama that have been designated as disaster areas eligible for individual assistance from FEMA because of the devastation caused by Hurricane Katrina are eligible for this relief. Family members who live outside the affected areas are also eligible to assist a son, daughter, parent, grandparent or other dependent who lived or worked in the disaster area.

Download the PDF for more information.