Recent Enacted & Proposed Legislation Affecting Governmental 457(b) Plans

Summary of Recent Enacted & Proposed Legislation Affecting Governmental 457(b) Plans November 24, 2020 The SECURE Act and the CARES Act, two major pieces of retirement-related legislation, were passed into law over the past year. Additional legislation, known as the SECURE Act 2.0, has also recently been introduced and has garnered bi-partisan support. Plan sponsors […]

2021 Retirement Plan Limits Announced

Summary of 2021 Retirement Plan Limits November 9, 2020 On October 26, 2020, the Internal Revenue Service announced cost of living adjustments affecting dollar limitations (“COLA limits”) for employer-sponsored retirement plans for tax year 2021. Most limits for employer-sponsored plans remain unchanged for 2021. A summary of the changes is shown in the table below. […]