The IRS published in October Notice 2021-57 regarding the temporary relief measures for multiemployer defined benefit plans in the American Rescue Plan Act of 2021 (ARP). In this review, we summarize the key points, which includes guidance on the following:

• Temporary relief measures to help plans that were negatively impacted by the pandemic
• Interaction of relief measures with special financial assistance program
• When and how to elect relief
• Required notices for freeze elections
• Restrictions on benefit improvements