Cost of living adjustments affecting dollar limits for pension plans and other retirement-related items will not change for tax year 2016, the Internal Revenue Service has announced. In general, the pension plan limitations will not change for 2016 ...
Although pension advances may seem like a “quick fix” to your financial problems, they can eat into your retirement income when you start paying back the advance plus interest and fees.
The Internal Revenue Service has released the cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2015.
New standards issued by the Government Accounting Standards Board mean that next summer local governments could see some impact in credit ratings or some influence on pension payments.