Hello, fellow financial explorers! Today, we’re diving into the fascinating world of credit scoring, with a particular focus on the superstar of the game: the
2016 Pension Plan Limitations
The Internal Revenue Service today announced cost‑of‑living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2016. In general, the pension plan limitations will not change for 2016 because the increase in the cost-of-living index did not meet the statutory thresholds that trigger their adjustment. However, other limitations will change because the increase in the index did meet the statutory thresholds.