While the fiscal cliff deal left tax treatment of retirement savings unchanged, it includes a provision for retirement plans that could generate revenue right away.
Tag: Contribution Benefit Limits
The Internal Revenue Service (IRS) announced cost of living adjustments (COLAs) affecting dollar limitations for pension plans and other retirement-related items for tax year 2013.
The Internal Revenue Service has issued Revenue Ruling 2012-5 with the table of covered compensation for the 2012 plan year.
Witnesses before the Senate Finance Committee offered arguments against changing tax advantages for workers’ retirement plan savings.
A federal judge in New Jersey said that a 401(k) participant has no legal right to sue his employer over the company’s deferral limit of 15%.
A couple of weeks back, the Social Security Administration announced that, for the second year in a row—but only for the second time since 1975—there would be no cost of living adjustment (COLA) for Social Security recipients.
A federal appellate court has ruled that a summary plan description (SPD) could not unilaterally grant a benefit plan administrator the right to make benefit eligibility decisions without having parallel language in plan documents.
Last week, the Internal Revenue Service (IRS) unveiled the maximum benefit and contribution limits on qualified retirement plans for 2007, and, for most of the limitations, the increase in the cost-of-living index met the legal thresholds to trigger the changes.