after it was required to be made. (e) Additional safe harbors The Secretary shall expand the EPCRS to provide additional safe harbor means of correcting eligible inadvertent failures described in subsection (a), including safe harbor means of calculating the earnings which must be restored to a plan in cases where plan assets have been depleted by reason of an eligible inadvertent failure. (f) Eligible inadvertent failure For purposes of this section— (1) In general Except as provided in paragraph (2), the term eligible inadvertent failure means a failure that occurs despite the existence of practices and procedures which— (A) satisfy the standards set forth in section 4.04 of Revenue Procedure 2019–19 (or any successor guidance), or (B) satisfy similar standards in the case of an individual retirement plan. (2) Exception The term eligible inadvertent failure shall not include any failure which is egregious, relates to the diversion or misuse of plan assets, or is directly or indirectly related to an abusive tax avoidance transaction. (g) Application of certain requirements for correcting errors This section shall not apply to any failure unless the correction of such failure under this section is made in conformity with the general principles that apply to corrections of such failures under the Internal Revenue Code of 1986, including regulations or other guidance issued thereunder and including those principles and corrections set forth in Revenue Procedure 2019–19 (or any successor guidance).” 309. Eliminate the first day of the month requirement for governmental section 457(b) plans (a) In general Paragraph (4) of section 457(b) of the Internal Revenue Code of 1986 is amended to read as follows: (4) which provides that compensation— (A) in the case of an eligible employer described in subsection (e)(1)(A), will be deferred only if an agreement providing for such deferral has been entered into before the compensation is currently available to the individual, and (B) in any other case, will be deferred for any