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IRC Limits Reference Chart
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Section 415(b) Annual Limit for Limitation Years Beginning in 2007
Adjusted for Age Benefit Payments Commence
And for 3.00% Post-Retirement Increases, If Applicable |
| Age Payments Commence |
ERSRI - State Employees& Teachers |
MERS - General Employees(With COLA) |
MERS - General Employees(Without COLA) |
MERS Police & Fire(With COLA) |
MERS Police & Fire(Without COLA) |
(1) |
(2) |
(3) |
(4) |
(5) |
(6) |
45 |
$38,205 |
$40,412 |
$56,618 |
$128,478 |
$180,000 |
46 |
$40,905 |
$43,116 |
$60,153 |
$129,021 |
$180,000 |
47 |
$43,827 |
$46,036 |
$63,949 |
$129,579 |
$180,000 |
48 |
$46,994 |
$49,192 |
$68,033 |
$130,152 |
$180,000 |
49 |
$50,430 |
$52,609 |
$72,432 |
$130,738 |
$180,000 |
50 |
$54,164 |
$56,313 |
$77,177 |
$131,339 |
$180,000 |
51 |
$58,226 |
$60,334 |
$82,303 |
$131,955 |
$180,000 |
52 |
$62,653 |
$64,707 |
$87,848 |
$132,584 |
$180,000 |
53 |
$67,485 |
$69,469 |
$93,857 |
$133,228 |
$180,000 |
54 |
$72,767 |
$74,665 |
$100,381 |
$133,886 |
$180,000 |
55 |
$78,552 |
$80,344 |
$107,477 |
$134,558 |
$180,000 |
56 |
$84,898 |
$86,563 |
$115,209 |
$135,244 |
$180,000 |
57 |
$91,874 |
$93,388 |
$123,653 |
$135,943 |
$180,000 |
58 |
$99,558 |
$100,892 |
$132,893 |
$136,656 |
$180,000 |
59 |
$108,039 |
$109,162 |
$143,026 |
$137,381 |
$180,000 |
60 |
$117,420 |
$118,296 |
$154,165 |
$138,120 |
$180,000 |
61 |
$127,823 |
$128,410 |
$166,440 |
$138,872 |
$180,000 |
62 |
$139,385 |
$139,636 |
$180,000 |
$139,636 |
$180,000 |
63 |
$140,542 |
$140,412 |
$180,000 |
$140,412 |
$180,000 |
64 |
$141,707 |
$141,202 |
$180,000 |
$141,202 |
$180,000 |
65 |
$142,880 |
$142,004 |
$180,000 |
$142,004 |
$180,000 |
66 |
$144,061 |
$142,819 |
$180,000 |
$142,819 |
$180,000 |
67 |
$145,250 |
$143,647 |
$180,000 |
$143,647 |
$180,000 |
68 |
$146,446 |
$144,489 |
$180,000 |
$144,489 |
$180,000 |
69 |
$147,649 |
$145,344 |
$180,000 |
$145,344 |
$180,000 |
70 |
$148,858 |
$146,213 |
$180,000 |
$146,213 |
$180,000 |
71 |
$150,070 |
$147,093 |
$180,000 |
$147,093 |
$180,000 |
72 |
$151,284 |
$147,984 |
$180,000 |
$147,984 |
$180,000 |
73 |
$152,497 |
$148,884 |
$180,000 |
$148,884 |
$180,000 |
74 |
$153,708 |
$149,792 |
$180,000 |
$149,792 |
$180,000 |
Note:
- Police and fire employees must have 15 years of participation to be eligible for special limits.
- Actuarial adjustments based on 5.00% interest and 1994 GAR table projected to 2002.
- 50-50 blend of male and female mortality rates.
- 3.00% post-retirement increase (deferred for 2.500 years) reflected for ERSRI.
- 3.00% simple post-retirement increase (deferred for 0.500 years) reflected for MERS.
- Basic dollar limit for 2007 is $180,000.
- No actuarial increase post age 65.
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