IRS Announced New Pension Plan Limitations for 2012

The IRS announced today the cost of living adjustments affecting the pension plan contribution limitations for tax year 2012.   Many of the pension plan limitations for 2012 will increase due to the cost-of-living index adjustment.  Some of the important changes are summarized below: The elective deferral (contribution) limit for employees who participate in 401(k), 403(b), most [...]