The Internal Revenue Service issued Announcement 2012-44 on November 16, 2012 providing relief to victims of Hurricane Sandy who have retirement assets in qualified employer plans and Individual Retirement Accounts (IRAs) they would like to use to alleviate hardships caused by Hurricane Sandy.
Updates have been made in the Pension chapter to reflect changes in hardship distributions, plan loans and penalty exceptions.
See:
IRS Penalty Exceptions, Hurricane Sandy Victims