Key Facts Regarding State and Local Government Defined Benefit Retirement Plans

Source/Author:

(National Association of State Retirement Administrators and National Council on Teacher Retirement)

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How much can I contribute to my retirement plan?

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Wondering how much you can contribute to your retirement plan this year? Read our helpful fact sheet to find out. The fact sheet also includes contribution limits for previous years. Read the fact sheet.

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In the News

Qualified Longevity Annuity Contract Rules Should Allow More Options, Commenters Say

A Treasury Department proposal to expand retirement income options is on the right track, but it requires some revisions to achieve the objectives
outlined in the proposed regulation (REG-115809-11), a variety of interest groups said in public comment letters posted May 4.

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Did You Know?

A lump sum distribution is a method of paying benefits from a pension plan in which a participant's entire beenfit is paid out in a one-time payment. Lump sum distributions are sometimes called cash outs.