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Tag Archives: Cost of Living

COLA Increases for Dollar Limitations on Benefits and Contributions

“The Internal Revenue Code provides for dollar limitations on benefits and contributions under qualified retirement plans. Code ยง415 requires the limits to be adjusted annually for cost-of-living increases. The IRS announced on October 20, 2011 cost-of-living adjustments applicable to dollar limitations for pension plans and other items for tax
year 2012.”

December 5, 201117 CommentsIndustry NewsBy
Compass-i: Payroll and HR Services
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