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IRS Announces 2016 Retirement Plan Contribution Limits | Pennsylvania Employee Benefits

www.thinkhr.com On October 21, 2015, the Internal Revenue Service (IRS) announced cost-of-living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2016. In general, the pension plan limitations will not change in 2016 because the increase in the cost-of-living index did not meet the statutory thresholds that trigger their adjustment. … Continued