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On October 20, 2011, the Internal Revenue Service announced cost of living adjustments affecting various limitations applicable to pension and other retirement plans (IR 2011-103). Many of the limitations remain unchanged because they are indexed in $1000 or $5000 increments, but several will change for 2012. Some of the better-known limitations are:
A complete list of the indexed limitations, as well as a history of the changes since 1989, can be found at http://www.irs.gov/pub/irs-tege/cola_table.pdf.
If you have any questions regarding the new limitations, please feel free to contact the author of this Legal Alert, Jeffrey Ashendorf, firstname.lastname@example.org, any member of Ford & Harrison's Employee Benefits Practice Group or the Ford & Harrison attorney with whom you usually work.