Articles for: pension plan
2013 Retirement Plan Limits Increase over the 2012 Level
The IRS has released the cost of living adjustments that affect the dollar limits for pension plans and other retirement-related items for the 2013 tax year. Most of the pension [...]
Key words: 2013 limits,401k,HDHP,HSA,limit increase,pension plan,retirement plans
Congress Passes Transportation Bill Which Includes Pension Provisions
Both houses of Congress have reached an agreement and have passed the Surface Transportation Extension Act of 2012 (H.R. 4348), commonly known as the Highway Bill. The bill is expected [...]
Key words: Defined Benefit,Pension,pension plan
What are the quarterly contribution requirements for pension plans?
Pension plans are subject to minimum funding rules. The minimum is based on the actuarial cost of benefits accruing during the plan year plus an amortization payment for any funding [...]
Key words: Defined Benefit,Funding,pension plan,quarterly contribution
Is there a partial annuity option under a defined benefit plan?
Yes. In fact, the IRS has proposed regulations on February 2, 2012 that could make it easier for plan sponsors to offer the partial annuity option. Currently, plan sponsors that [...]
Key words: Defined Benefit,partial annuity,pension plan
How do international accounting standards differ from U.S. accounting standards for pension plans?
Some of the primary differences between U.S. GAAP and international accounting (IFRS) for pensions include: Funding method: U.S. GAAP requires the use the projected unit credit funding method, which matches [...]
Key words: Defined Benefit,IFRS,pension plan,U.S. GAAP