Latest Employee pension benefits News

IRS raises contribution limits for retirement savings plans

Oct. 21, 2022 14:23 PM EDT

Americans will be allowed to contribute more of their money to 401(k) and similar retirement saving plans next year. The IRS said Friday that the maximum contribution that an individual can make in 2023 to a 401(k), 403(b) and most 457 plans will be $22,500. That's up from $20,500...

Insider Q&A: The ESG industry on becoming a political target

Oct. 17, 2022 08:11 AM EDT

NEW YORK (AP) — After breaking into the mainstream of the investment world, ESG investing has become big enough to be a political target too. Florida Gov. Ron DeSantis and other Republicans around the country are criticizing funds that consider environmental, social and...