• Year 2006 Retirement Plan Cost of Living Adjustments
  • October 20, 2005 | Authors: Marjorie M. Glover; Edward P. Smith; David Gallai
  • Law Firm: Chadbourne & Parke LLP - New York Office
  • The Internal Revenue Service has announced the cost-of-living adjustments applicable to qualified retirement plans for the year 2006. The Social Security Administration recently announced its own cost-of-living adjustments for 2006. Finally, many of the qualified retirement plan limits have automatically increased pursuant to the Economic Growth and Tax Relief Reconciliation Act of 2001.