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.


2018

Select Pension Plan Limits for 2019

The IRS announced 2019 retirement plan contribution limits – 401(k) contribution limit increases to $19,000 for 2019 and IRA limit increases to $6,000. For people age 50 and over, the catch-up contribution remains unchanged at $6,000 for workplace plans and $1,000 for IRAs. Refer to chart for detailed description of adjusted and unchanged limitations.
File Format Icon

2017

Select Pension Plan Limits for 2018

The Internal Revenue Service announced cost-of-living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2018. The contribution limit for employees who participate in 401(k), 403(b), most 457 plans, and the federal government’s Thrift Savings Plan is increased from $18,000 to $18,500. See below for more details.

Saver's Credit Limitations for 2018

IRS has announced increases to the adjusted gross income limitations for the Saver's Credit for tax year 2018: $63,000 for married couples filing jointly; $47,250 for heads of household; and $31,500 for singles, married filing separately or qualifying widow(er). See below for more details.

2016


2015


2014


2013


2012


2011


2010


2009


2008


2007


2006


2005


2004

Filter By