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Pension Plans Updates

Important updates to the Pension Plan Limits for retirement plans; prepared by Transamerica Center for Retirement Studies.

1.  Annual additional limit – $50,000.00

2.  Salary deferral limit – $17,000.00

3.  Maximum compensation to be considered – $250,000.00

4.  The catch-up contribution limit is $5,000.00

5.  Social Security taxable wage base is $110,000.00

These updates do not apply to Simple IRAs.

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