The “combined plan limit,” which caps benefits payable under tax-qualified retirement plans, has been repealed, generally effective Jan. 1, 2000. This repeal may provide an opportunity to pay additional retirement benefits to executives from overfunded defined benefit plans; protect the benefits from the employers’ creditors; reduce Social Security taxes; and allow employees to roll over larger distributions tax-free to an Individual Retirement Account (IRA).

TAX-QUALIFIED PLANS

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]