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Mercer Projects 2022 Retirement Plan Limits Will Soar Due to Inflation
Mercer 
Aug. 20, 2021 "Almost every key Internal Revenue Code limit for qualified retirement plans will increase significantly in 2022, Mercer projects. The 2022 limits will reflect increases in the Consumer Price Index for All Urban Consumers (CPI-U) from the third quarter 2020 to the third quarter 2021. Using this measure, inflation will likely reach its highest level since 2008 -- possibly since 1990 -- and cause some limits to rise by the equivalent of up to three years' worth of ordinary increases." MORE >> |
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