IRS Announces Retirement Plan Cost-of-Living Adjustments for 2023
Tax law limits the dollar amount of contributions to retirement plans and IRAs and the amount of benefits under a pension plan. The Internal Revenue Service (IRS) has announced these limits for 2023. The following chart shows how they apply to the NTCA Savings Plan and Retirement and Security (R&S) Program.
Read more articles from the November 2022 issue of Benefits Report.