QUALIFYING EVENT

qualifying event.Any one of several specified occasions that, but for the

continuation-of-coverage provisions under the Consolidated Omnibus Budget Reconciliation Act

of 1985 (COBRA), would result in a loss of benefits to a covered employee under a qualified

benefit plan. • These occasions include employment termination, a reduction in work hours, the

employee’s separation or divorce, the employee’s death, and the employer’s bankruptcy. IRC (26

USCA) § 4980B(f)(3). [Cases: Pensions 47, 66.1. C.J.S. Pensions and Retirement Plans and

Benefits §§ 31–33.]   [Blacks Law 8^th]