IRS Announces 2012 Pension and Related Limitations
October 26, 2011
On October 20, 2011, the Internal Revenue Service announced the dollar limitations for pension plans and other items beginning January 1, 2012. Some of the limits, which had been largely unchanged since 2009, are listed below.
Limitation
2011 Amount
2012 Amount
Maximum Annual Compensation taken into account for determining benefits or contributions to a qualified plan
$245,000
$250,000
Basic Elective Deferral Limitation for 401(k), 403(b) and 457(b) Plans
$16,500
$17,000
Catch-up Contribution Limit for Persons Age 50 and older in 401(k),
403(b) or SARSEP Plans
$5,500
$5,500
Limitation on Annual Additions to a Defined Contribution Plan
$49,000
$50,000
Limitation on Annual Benefits from a Defined Benefit Plan
IRS Announces 2012 Pension and Related Limitations
October 26, 2011
On October 20, 2011, the Internal Revenue Service announced the dollar limitations for pension plans and other items beginning January 1, 2012. Some of the limits, which had been largely unchanged since 2009, are listed below.
Limitation
2011 Amount
2012 Amount
Maximum Annual Compensation taken into account for determining benefits or contributions to a qualified plan
$245,000
$250,000
Basic Elective Deferral Limitation for 401(k), 403(b) and 457(b) Plans
$16,500
$17,000
Catch-up Contribution Limit for Persons Age 50 and older in 401(k),
403(b) or SARSEP Plans
$5,500
$5,500
Limitation on Annual Additions to a Defined Contribution Plan
$49,000
$50,000
Limitation on Annual Benefits from a Defined Benefit Plan
