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IRS and Social Security Administration Announce 2012 Cost-of-Living Adjustments for Retirement Plans

    Client Alerts
  • October 21, 2011

The IRS and Social Security Administration recently announced the 2012 cost-of-living increases applicable to various dollar limits for retirement plans. Most of these limits will increase for 2012. The annual limit for elective deferrals will increase to $17,000, but the limit on catch-up contributions for individuals age 50 and over will remain at $5,500.

Below are the principal limits applicable for 2012 as compared with those for 2011.