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Implicit bias occurs when individuals make judgments about people based on gender, race or other prohibited factors without even realizing they’re doing it.
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Build competencies, establish credibility and advance your career—while earning PDCs—at SHRM Seminars in 12 cities across the U.S. this spring.
#SHRM18 will expand your perspective – on your organization, on your career, and on the way you approach HR. Join us in Chicago June 17-20, 2018
Members may download one copy of our sample forms and templates for your personal use within your organization. Please note that all such forms and policies should be reviewed by your legal counsel for compliance with applicable law, and should be modified to suit your organization’s culture, industry, and practices. Neither members nor non-members may reproduce such samples in any other way (e.g., to republish in a book or use for a commercial purpose) without SHRM’s permission. To request permission for specific items, click on the “reuse permissions” button on the page where you find the item.
On Oct. 16, 2008, the Internal Revenue Service (IRS)
announced its tax year 2009 cost-of-living adjustments for dollar limits on qualified retirement plan benefits and contributions, effective Jan. 1, 2009.
Many retirement plan limits will change for 2009 because the increase in the cost-of-living index met the statutory thresholds that trigger their adjustment. For 401(k) plans in tax year 2009:
401(k) Plan Limits
Maximum elective deferral
Defined contribution maximum deferral (employer/employee combined)
Maximum catch-up contribution for those age 50 and older
Defined Benefit Plans
The annual benefit limit for defined benefit plans is increased from $185,000 to
$195,000. For participants who separated from service before Jan. 1, 2009, the limit for defined benefit plans is computed by multiplying the participant's compensation limitation, as adjusted through 2008, by 1.0530.
Other Plan Limit Changes
According to the IRS, administrators of defined benefit or defined contribution plans that have received favorable determination letters should not request new determination letters solely because of yearly amendments to adjust maximum limitations in the plans.
Stephen Miller is an online editor/manager for SHRM.
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