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IRS Publishes 2024 Pension Plan Limitations

On November 1, 2023, the Internal Revenue Service (IRS) published Notice 2023-75, providing the 2024 cost-of-living adjustments for pension plan limitations. The following is a summary of the revised limitations compared with the 2023 rates:

(view larger image)

For additional details, the full text of the IRS Notice can be located here.

This article is informational and does not constitute legal or financial advice. Consult with an employment lawyer or accountant for additional clarification on how these changes impact your company.

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