|
|
| BENEFIT
LIMITS |
2007 |
2008 |
2009 |
| 401k and 403b elective deferrals |
$15.500 |
$15,500 |
$16.500 |
Maximum Annual Contribution to an Individual's
Defined Contribution Account |
$45,000 |
$46,000 |
$49,000 |
| Deferrals to 457 nonqualified deferred compensation plans |
$15.500 |
$15,500 |
$16.500 |
| Catch-up contributions |
$5.000 |
$5,000 |
$5.500 |
Annual limit on compensation for determining
benefits or contributions |
$225.000 |
$230,000 |
$245.000 |
| Limitation on benefits under a defined benefit plan |
$180.000 |
$185,000 |
$195.000 |
| Highly compensated employee limits |
$100.000 |
$105,000 |
$110.000 |
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| SOCIAL
SECURITY |
2007 |
2008 |
2009 |
| OASDI wage base |
$97,500 |
$102,000 |
$106,800 |
| Hi wage base |
No
Limit |
No
Limit |
No
Limit |
| OASDI tax rate |
6.2% |
6.2% |
6.2% |
| Hi tax rate |
1.45% |
1.45% |
1.45% |
| Cost-of-living adjustment for benefit payments |
3.3% |
2.3% |
5.8% |
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