The recent CAREs Act has allowed for companies to request for a delay on their 2020 pension payments until April of 2021. Frontier Communications has made a request to not only delay their payment for this year but also spread the repayment over 2021-2025. This is conerning because Frontier is projecting the funding for their pension plan to be between 60% and 80% by April of 2021. This means that the lump sum could be restricted or unavailable entirely. The IRS is taking comments in regards to this request and TCC-4 have provided a letter to send expressing these concerns. Please download, print, sign, and mail to the IRS.

Download Frontier Member IRS Comments.docx





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