2006 pension plan limitations.

• Position: IRS Update

The IRS has unveiled cost of living adjustments applicable to dollar limitations for pension plans and other items, for tax year 2006.

Many pension plan limitations will change for 2006. For most limitations, the increase in the cost-of-living index met the statutory thresholds that trigger their adjustment.

[ILLUSTRATION OMITTED]

Additionally, several limitations set by the Economic Growth and Tax...