Important Cares Act Information for Your City and Your Employees

The recently passed Coronavirus Aid, Relief, and Economic Security Act (CARES Act) has provisions within it to help individuals and businesses, including city employees. Nationwide, a Platinum Partner of the United States Conference of Mayors, has important information about The CARES Act and how it can help your employees. Provisions of the act which affect retirement plans for qualified individuals are as follows:

  1. Tax-favored Coronavirus-Related Distributions (CRDs) up to $100,000 until December 31, 2020
  2. Expanded access to loans for 180 days after enactment of the law
  3. Waiver of 2020 Required Minimum Distributions (RMDs)

Plan sponsors must elect to adopt the special CARES Act relief provisions because they are optional.

Please visit for additional information about provisions of the CARES Act affecting retirement plans.

If you want to talk with someone directly regarding the CARES Act and your city and employees please call David Belnick, Nationwide Endorsement Partner Director, at 410-790-5440 or [email protected].


Two Important Webinars This Thursday. April 9, 2020

Building Resilience – How to Build Your Resilience Action Plan

DATE: Thursday, April 9, 2020

TIME: 12:00 pm – 1:00 pm (ET)

MATERIALS: Click here to download

Nationwide and the Nationwide Retirement Institute will host a webinar: Building Resilience – How to Build Your Resilience Action Plan. Resilience is a life skill that helps us to be comfortable with the unexpected. In this 60-minute workshop, Nationwide will outline what resilience is, why it is important and how it shows up. You’ll hear inspiring stories and chart your own personal characteristics to better understand your natural tendencies during adversity. Nationwide will introduce tips and tools to incorporate into your daily life to proactively build your resilience in the areas you may choose to focus on. To register, please click the link below.

Click here to register for this webinar.


Your Retirement Plan – Market Update

DATE: Thursday, April 9, 2020

TIME: 2:00 pm – 3:00 pm (ET)

On Thursday, April 9 at 2:00 pm EST, a panel of Nationwide leaders will share the latest on market and legislative updates for public sector plan sponsors. Topics include:

  • An economic update from Nationwide’s Chief of Investment Research
  • How the recent CARES Act impacts the retirement plans business
  • How Nationwide is continuing to provide extraordinary care to our partners and our members

Click here to register for this webinar.


The United States Conference of Mayors is proud to partner with Nationwide, a leader in retirement plans and services for cities and its employees through its 457(b) deferred compensation plans. For further information on this partnership call Louie Watson at 614-477-8083 or [email protected].