11 Retirement Benefit Changes Coming in 2012
Seniors will get significantly bigger
Higher Social Security taxes.
The maximum amount of earnings subject to
A small increase in Medicare Part B premiums.
The standard Medicare Part B premium will be
Higher 401(k) limits.
The contribution limit for 401(k)s, 403(b)s, and the federal government's Thrift Savings Plan will increase to
401(k) fee disclosure.
Retirement savers can expect to get additional information about the costs and fees that are deducted from their 401(k) account.
More 401(k) investment advice.
More 401(k) match reinstatements.
Most of the companies that suspended their 401(k) match during the recession have now restored them (75 percent), according to a Towers Watson survey of 260 companies that eliminated their match in
Increased IRA income limits.
IRA contribution limits will remain at
Increased access to the Saver's Credit.
Workers with slightly higher incomes will be eligible for the Saver's Credit next year, a tax credit worth up to
Higher pension insurance limits.
The maximum traditional pension benefit insured by the
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Personal Finance - 11 Retirement Benefit Changes Coming in 2012
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