Late on Tax Day April 15, President Obama signed into law the Continuing Extension Act of 2010 (the “Act”).

The Act extends the eligibility period for the COBRA continuation premium subsidy, including the 65% payroll tax credit for employers.

Under the Act, the eligibility period for the subsidy is retroactively extended for two months and now ends on May 31, 2010.

The Act also carries extended COBRA election procedures for certain involuntarily terminated workers and new notice requirements for plan administrators.

The Department of Labor (DOL) has just updated its Cobra website to reflect the new law.

The site includes updated Model Notices, Fact Sheet, Frequently Asked Questions (FAQs) and other relevant information.

You can access the DOL site at http://www.dol.gov/ebsa/cobra.html .

You can find additional updated information from the IRS at http://www.irs.gov/newsroom/article/0,,id=222173,00.html .