On October 21, 2015, the Internal Revenue Service issued IR-2015-118, which applies cost of living adjustments (“COLAs”) to various limits applicable to qualified retirement plans and individual retirement accounts for the 2016 year. In general, the pension plan limitations will not change for 2016 because the increase in the cost-of-living index did not meet the statutory thresholds that trigger their adjustment. Below is a comparison of selected limits for plan years 2014, 2015, and 2016.

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