Page 20 - AprDefComp
P. 20

Qualified Individuals








                                                               •    Governs who may receive the new distributions or take advantage of
                                                                    participant loan relief


                                                               •    Defined as an individual


                                                                       •   Diagnosed with SARS-CoV-2 or COVID-19 by a test approved by the
                                                                           Centers for Disease Control and Prevention; OR


                                                                       •   Whose spouse or dependent is so diagnosed by such a test; OR


                                                                       •   Who experiences adverse financial consequences as a result of


                                                                              •   Being quarantined; OR


                                                                              •   Being laid off or furloughed or having work hours reduced due to
                                                                                  the virus; OR


                                                                              •   Being unable to work due to lack of child care due to the virus; OR


                                                                              •   Closing or reducing hours of a business owned or operated by the

                                                                                  individual due to the virus; OR


                                                                              •   Other factors as determined by the Secretary of the Treasury




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