Washington Update
Rules & Regulations
Summaries of the latest news from Washington and the courts—what's coming, what's contemplated and what's critical for plan sponsors to know.
Reported by PLANSPONSOR staff
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IRS Increases 401(k) Limit to $23,000 for 2024, IRA Limit to $7,000
The new limits come with guidance on all the cost-of-living adjustments affecting limitations for pension plans and other retirement-related items...
PennSERS Drops 12% in 2022
The pension fund lost $6.5 billion in asset value over the last year, ending a three-year streak of double-digit gains.
Union Pension Funding Crisis Solution Remains Elusive
There are plenty of ideas to address the funding crisis facing certain multiemployer union pensions, but consensus federal legislation remains...