Tag: catch-up contributions

Photo of Donald Trump pointing to a crowd

The cuts aren’t unreasonable, but could make it hard to hire talented people. I’m always on the lookout for proposed policies that affect pensions, and the president’s fiscal 2019 budget includes a number of proposals to reduce retirement benefits for federal civilian workers. The bulk of federal civilian workers are automatically covered by a defined-benefit plan –…

A glass jar full of coins and plant growing through it with some coins and plant leaves.

The brief’s key findings are: To encourage Americans to save more for retirement, some suggest raising 401(k) contribution limits. To assess such an option, this analysis estimates the effects of a 2001 increase in 401(k) limits that also introduced a higher “catch-up” limit for those 50 and over. The increase in the limits did boost…