Transamerica Institute

Retirement Legislative and Administrative Updates

Welcome to the Legislative Ledger. Jonathan Anderson, a TCRS contributor, regularly monitors any legislative and administrative guidelines that are under consideration that might impact the retirement planning industry. TCRS tracks the developments so that it may continue to bring awareness and up-to-date information to the retirement plan community.We strive to provide the information you need to stay informed and to provide comprehensive summaries of the issues at hand, including annual pension plan limitations.


2016

Select Pension Plan Limits for 2017

The Internal Revenue Service announced cost-of-living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2017. Most of the limitations remain unchanged for 2017. 

Saver's Credit Limitations for 2017

IRS has announced the adjusted gross income limitations for the Saver's Credit for tax year 2017: $62,000 for married couples filing jointly; $46,500 for heads of household; and $31,000 for singles, married filing separately or qualifying widow(er).


2015

Select Pension Plan Limits for 2016

The Internal Revenue Service announced cost-of-living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2016. Most of the limitations remain unchanged for 2016.


August 28, 2015

This release summarizes certain regulatory changes, updates, and guidance (including court decisions) published during the first half of 2015. Following is a list of the topics summarized, as well as the sections of this release containing the summaries:

  • Change to the timing requirement applicable to annual participant fee disclosures under ERISA §404(c)
  • Changes and modifications to correction options for plan errors under the Internal Revenue Services’ (“IRS’”) correction programs.
  • Re-release of proposed fiduciary regulations by the Department of Labor (“DOL”).
  • Guidance regarding hardship withdrawal and participant loan documentation.
  • Guidance regarding an on-going fiduciary duty to monitor plan investment alternatives.
  • Guidance regarding same-sex marriage.

2004

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