IRS Announces 2001 Pension Plan Limitations
The IRS has announced its annual cost-of-living adjustments with regard to dollar limitations for pension plans for the year 2001.
These new pension plan adjustments are subject to change should Congress enact legislation that would affect these amounts, and such information will be reported here as soon as it is available.
For now, the new limitations, which are effective as of January 1, 2001, are as follows:
Other pension plan limitations remain unchanged from their 2000 limitations. This includes limitations for elective deferrals to section 401(k) plans, the federal government's Thrift Savings Plan, and IRA accounts.