IRS Announces COLAs for Defined Benefit Pension Plans
Journal of Retirement Planning (02/01) Vol. 4, No. 1 p.51; Brown, Jeff

The Internal Revenue Service has announced cost-of-living adjustments (COLAs), effective Jan. 1, 2001. The adjustments are applicable to dollar limitations on benefits under qualified retirement plans. The adjustments to the COLAs are also applicable to other provisions affecting retirement plans. The maximum limitation for the Code Sec. 415(b)(1)(A) annual benefit for defined benefit plans was increased $5,000 to $140,000. The Code Sec. 415(c)(1)(A) limitation for defined contribution plans increased $5,000 to $35,000.

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