SilverBlog

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Author: Glen Gahan

The IRS has released cost of living adjustments affecting retirement plans. The adjustments and changes affect the limits applicable to all employees who defer salary into retirement plans, plans that are integrated with Social Security, the maximum benefit payable from defined benefit plans and the maximum annual additions for defined contribution retirement plans. For your convenience, SilverStone Group has summarized the changes as follows:

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The IRS has released the 2019 cost of living adjustments affecting retirement plans. The adjustments and changes affect the limits applicable to all employees who defer salary into retirement plans, plans that are integrated with Social Security, the maximum benefit payable from defined benefit plans and the maximum annual additions for defined contribution retirement plans.  For your convenience, SilverStone Group has summarized the changes as follows:

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The Internal Revenue Service (IRS) recently prescribed new mortality tables for purposes of calculating minimum required contributions according to Internal Revenue Code (IRC) Section 430 and minimum lump-sum amounts under IRC Section 417(e)(3) for qualified single employer pension plans. These regulations are applicable for plan years beginning in 2018. The prescribed tables include an update of the base mortality table to the RP-2014 tables, as well as an update of the improvement scale to the MP-2016 scale.

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The IRS has released the 2018 cost of living adjustments affecting retirement plans. The adjustments and changes affect the limits applicable to all employees who defer salary into retirement plans, plans that are integrated with Social Security, the maximum benefit payable from defined benefit plans and the maximum annual additions for defined contribution retirement plans. For your convenience, SilverStone Group has summarized the changes as follows:

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The debate continues over how governmental entities should fund their pension plans. Unlike pension plans sponsored by private corporations, generally no federal laws exist that define an annual minimum required contribution. Some state and local governments have laws that define a minimum required contribution, while others have none. Most stakeholders agree on several funding policy objectives. However, some objectives are considered controversial, and even when a general objective is agreed upon, some may disagree on how to best achieve or measure the objective.

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The IRS has released the 2017 cost of living adjustments affecting retirement plans. The adjustments and changes affect the limits applicable to all employees who defer salary into retirement plans, plans that are integrated with Social Security, the maximum benefit payable from defined benefit plans and the maximum annual additions for defined contribution retirement plans.  For your convenience, SilverStone Group has summarized the changes as follows:

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