Williams Mullen: Benefit Limits and Contributions for 2012

Williams Mullen: Benefit Limits and Contributions for 2012

BY: CATHERINE M. MARRIOTT  

The Commissioner of the Internal Revenue has adjusted the dollar limitations for benefits and contributions that apply to retirement plans.  The Social Security Administration has also adjusted the Social Security earnings limit.  The change in the 2012 limits was triggered by an increase in the cost-of-living index.  The following chart shows the 2012 limits and the expiring limits for 2011.

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For more information about this topic, please contact the author or any member of the Williams Mullen Employee Benefits & Executive CompensationTeam.


Please note:
This newsletter contains general, condensed summaries of actual legal matters, statutes and opinions for information purposes. It is not meant to be and should not be construed as legal advice. Readers with particular needs on specific issues should retain the services of competent counsel. For more information, please visit our website at www.williamsmullen.com or contact Catherine M. Marriott, 804.420.6901 or kmarriott@williamsmullen.com. For mailing list inquiries or to be removed from this mailing list, please contact Julie Layne at jlayne@williamsmullen.com or 804.420.6311.

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