Ana María Bigas-Kennerley. Focus Areas. Overview. Education

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1 Special Counsel 221 Ponce de León Ave. 15th Floor Hato Rey Puerto Rico main: (787) direct: (787) fax: (787) Focus Areas Employee Benefits Overview s focuses her practice on employee benefit plans and is a member of the Employee Benefit Practice group at Schuster Aguiló. She assists clients with the design, implementation, administration and compliance of qualified retirement plans. Her work in advising plan sponsors includes qualifying retirement plans under the Puerto Rico Internal Revenue Code of 2011, as amended, and other tax-related matters before the Puerto Rico Department of the Treasury. She assists clients with the voluntary plan correction program before the U. S. Department of Labor. Her experience includes the following: Establishing, qualifying, administering and terminating retirement plans Drafting plan documents, deeds of trust, and nonqualified deferred compensation arrangements Counseling employers on tax implications of employee benefit plans Inheritance and estate planning, including estate and gift tax provisions Prior to joining Schuster Aguiló, Ana María served as assistant secretary of administrative appeals and as an administrative judge, in the Puerto Rico Department of Treasury. She assisted the legal department and the tax division of the Department of Justice in the research and preparation of motions related to tax deficiencies. Previously, she was an associate in the tax department at another firm. Education J.D., Universidad Interamericana De Puerto Rico, 1996, cum laude B.A., Seton Hall University,

2 Bar Admissions Puerto Rico Courts Supreme Court of Puerto Rico Languages Spanish English Publications & Press Puerto Rico Treasury Extends Deadlines to Request Federal Employee Retention Benefit After Hurricanes Irma And María February 13, 2019 Littler Global Guide - Puerto Rico - Q January 16, 2019 Puerto Rico Department of the Treasury Announces 2019 Limits on Qualified Retirement Plans January 4, 2019 Puerto Rico Treasury Department Changes Tax Reporting on Act 80 Payments Made During Tax Year 2018 November 5, 2018 Littler Global Guide - Puerto Rico - Q October 11, 2018 Puerto Rico Treasury Department Extends Period to Make Hurricane-Related Retirement Plan Distributions August 17, 2018 Littler Global Guide - Puerto Rico - Q July 20,

3 Puerto Rico Department of the Treasury Issues Guidance on the Federal Employee Retention Benefit for Certain Employers Affected by Hurricanes Irma and Maria June 19, 2018 Deadline to Report Qualified Payments for Disaster Assistance with the Puerto Rico Department of the Treasury is Soon Approaching January 23, 2018 Littler Global Guide - Puerto Rico - Q January 19, 2018 Plan Sponsors and Service Providers Must be Aware of Changes Made to Rules Pertaining to Puerto Rico Qualified Retirement Plans January 17, 2018 Puerto Rico Department of the Treasury Announces 2018 Limits on Qualified Retirement Plans January 17, 2018 Puerto Rico Department of the Treasury issues Q&As Clarifying Guidance on Qualified Payments Made for Hurricane María Disaster Assistance December 15, 2017 Puerto Rico Treasury Department Issues Post-Hurricane Rules for Qualified Retirement Plan and IRA Distributions and Loans November 20, 2017 Puerto Rico Governor Signs Executive Order Authorizing Rules for Retirement Plan and IRA Distributions in the Wake of Recent Natural Disasters November 13,

4 Hurricane Maria's Aftermath, Part II: Puerto Rico Government Provides Various Exemptions and Extensions to Multiple Upcoming Deadlines Littler Insight October 16, 2017 Littler Global Guide - Puerto Rico - Q October 12, 2017 Puerto Rico Department of the Treasury Grants Temporary Tax Exemptions for Employer-Provided Payments and Certain Benefits to Employees Related to Hurricane Maria Relief October 10, 2017 Puerto Rico Employers May Pay Their Outstanding Workers' Compensation Debts Owed to the State Insurance Fund Corporation with a 50% Discount September 26, 2017 Deadline for Plan Sponsors to Submit Qualification Amendments with the Puerto Rico Treasury is Fast Approaching March 23, 2017 Puerto Rico Treasury Issues New Guidance on Rules and Procedures for Qualification of Retirement Plans Littler Insight January 26, 2017 Puerto Rico Approves Major Reform of its Employment Laws January 26, 2017 Puerto Rico Treasury Announces 2017 Limits on Qualified Retirement Plans December 16, 2016 Puerto Rico Employers Cannot Withhold Income Taxes for Christmas Bonuses of $600 or Less December 15,

5 Puerto Rico Qualified Retirement Plans: Treasury Eliminates Form (OE) Filing Requirement for Plan Years Beginning on January 1, 2015, Establishing New Filing Requirements and Deadlines March 24, 2016 Puerto Rico: Employers Must Take Immediate Action to Correct 2014 PR-W2s for Eligible Employees February 19, 2015 Extension to the Prepayment Window Period Finally Approved January 9, 2015 Puerto Rico: Important Updates and Upcoming Deadlines Concerning Employee Benefits December 17, 2014 Puerto Rico Treasury Issues Further Guidance Clarifying the Prepayment Window Rules October 3, 2014 Puerto Rico Treasury Issues Further Guidance Clarifying the Prepayment Window Rules: Employers May Need to Take Immediate Action to Comply with the Rules October 3, 2014 Puerto Rico Treasury Issues Further Guidance Clarifying the Prepayment Window Rules October 3, 2014 PR Treasury Finally Issues Guidance on the Pre-Payment of the Special Reduced Tax on Amounts Accumulated Under Qualified and Non-Qualified Retirement Plans August 8, 2014 The Department of Health & Human Services Clarifies Applicability of Certain Provisions of the Affordable Care Act to Health Insurance Issuers in Puerto Rico August 6,

6 Governor Signs Bill Providing Window Period Allowing Participants in Retirement Plans to Pre-pay at a Reduced Rate the Tax on Amounts Accumulated Under a Retirement Plan July 17, 2014 Speaking Engagements Puerto Rico New Tax Relief Measurements in the Aftermath of Hurricanes Irma and María January 9, 2018 Puerto Rico Labor Reform 2017: What You Need to Know Hato Rey, PR February 16,