October 22, 2015

Most Qualified Plan Limits and Social Security Benefits Will Not Increase in 2016

On October 20, the Internal Revenue Service (IRS) announced that the dollar limits for retirement plans will not change for 2016. Last week, the Social Security Administration announced that there will be no cost-of-living adjustment for 2016. Segal Consulting is preparing a publication on this news, which will be accessible from the Update page on the Segal website.

In the meantime, if you have any questions, please contact your Segal consultant or send us a note.

On October 20, the Internal Revenue Service (IRS) announced that the dollar limits for retirement plans will not change for 2016. Last week, the Social Security Administration announced that there will be no cost-of-living adjustment for 2016. Segal Consulting is preparing a publication on this news, which will be accessible from the Update page on the Segal website.

In the meantime, if you have any questions, please contact your Segal consultant or send us a note.

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Serena Simons

Serena Simons

SVP, National Retirement Compliance Practice Leader