IRS Notice 2021-61 Announces 2022 Retirement Plan Limit Adjustments | Practical Law
In Notice 2021-61, the Internal Revenue Service (IRS) announced cost-of-living adjustments affecting the 2022 dollar limits for tax-qualified retirement plans. The Pension Benefit Guaranty Corporation (PBGC) issued updated premium rates for 2022, and the Social Security Administration (SSA) announced an increase in the Social Security wage base for 2022.