2011 plan limits are generally unchanged or changed only slightly according to attorney Charles C. Shulman.
Document Excerpt
On October 28, the IRS announced that because the cost of living for the quarter ending Sept. 30, 2010 was lower than the cost of living in quarter ending Sept. 30, 2008 (although it was slightly higher than the cost of living for quarter ending Sept. 30, 2009), the pension plan limits for 2011 adjusted by IRC § 415(d) will remain unchanged at the 2010 and 2009 level. Certain other limits relating to retirement plans will increase slightly. PBGC maximum insurance benefit and PBGC premiums are unchanged. Limit for transit passes and van pooling have not yet been announced. Social Security taxable wage base is unchanged.
For further information see memo at
http://www.ebeclaw.com/memos/COLA_Adjustments_for_2011-EBEC_Law_Update.pdf
RSS Feeds