Heroes Earnings Assistance and Relief Tax Act of 2008: Impact on Employee Benefit Plans

On June 17, 2008, President Bush signed into law the Heroes Earnings Assistance and Relief Tax Act of 2008 (the “HEART Act”), which contains mandatory and optional provisions that impact retirement plan benefits and Health FSAs provided to employees performing “qualified military service” (generally, military service that is covered by USERRA). These provisions are summarized below.

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