 January 2015 | VOLUME 113
 The 2014 Comprehensive Annual
Financial Reports (CAFR) for the PERS and
TRS are now available
online. To request hard copies, please call (907) 465-5711. The financial statements are also available.
PERS Publications
TRS Publications
Social Security's Old-Age, Survivors, and Disability
Insurance (OASDI) program limits the amount of earnings subject to taxation for
a given year. This limit changes each year with changes
in the national average wage index. The Social Security wage base limit has increased from
$117,000 to $118,500 for calendar year 2015. Read more...
 Taxpayers may contribute up to $18,000 to their 401(k) plans in 2015
The Internal Revenue Service recently announced cost‑of‑living adjustments
affecting dollar limitations for pension plans and other
retirement-related items for tax year 2015. Read more...
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 A new revision of IRS Publication 963, the Federal-State Reference Guide, is now available on the IRS Web site. This updates the revision that was released in November 2013.
Publication
963 is a joint effort of the IRS with the Social Security
Administration (SSA) and the National Conference of State Social
Security Administrators (NCSSSA). Its intended focus is Federal tax
issues facing governmental entities, especially Social Security coverage
and voluntary Section 218 agreements. It also addresses employment
taxes, information returns, fringe benefits, retirement systems, the
legal status of government entities, and other issues, as well as
contact information for the IRS, SSA, and state governments.
Download or view Publication 963 from the “Forms & Pubs” page at the IRS Web site.
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