Guidance on Determining Present Value of PBGC Maximums

Technical Update 07-4 provides guidance on determining the PBGC maximum guaranteed benefit for purposes of IRC Section 436(d). Document Excerpt This Technical Update provides guidance on determining the present value of the maximum benefit guaranteed by the Pension Benefit Guaranty Corporation (PBGC) for purposes of section 436(d)(3)(A)(ii) of the Internal Revenue Code (IRC) and section […]

PBGC Maximum Benefit to Increase in 2014

The PBGC has announced the maximum guaranteed benefits for covered plans starting in 2014. Document Excerpt On November 6, 2013, PBGC updated the Maximum Guarantee Limit Table for 2014. The maximum guaranteeable age 65 single life annuity benefit for 2014 is $4,943.18 per month (as compared with $4,789.77 for 2013). (11/06/13) Link http://www.pbgc.gov/prac/whatsnew.html?cid=CPAD01AENOV0620132&source=govdelivery&utm_medium=email&utm_source=govdelivery

2014 Dollar Limits

The IRS has released the dollar limits for various retirement plan amounts for 2014 taking into consideration cost of living increases. Document Excerpt The Internal Revenue Code provides for dollar limitations on benefits and contributions under qualified retirement plans. IRC Section 415 requires the limits to be adjusted annually for cost-of-living increases. The IRS announced […]

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