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IRC Limits Reference Chart
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Section 415(b) Annual Limit for Limitation Years Beginning in 2008
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 |
$39,266 |
$41,535 |
$58,191 |
$132,046 |
$185,000 |
46 |
$42,041 |
$44,314 |
$61,823 |
$132,605 |
$185,000 |
47 |
$45,044 |
$47,315 |
$65,726 |
$133,179 |
$185,000 |
48 |
$48,299 |
$50,559 |
$69,923 |
$133,767 |
$185,000 |
49 |
$51,831 |
$54,071 |
$74,444 |
$134,370 |
$185,000 |
50 |
$55,668 |
$57,877 |
$79,321 |
$134,988 |
$185,000 |
51 |
$59,844 |
$62,010 |
$84,589 |
$135,620 |
$185,000 |
52 |
$64,394 |
$66,504 |
$90,288 |
$136,267 |
$185,000 |
53 |
$69,360 |
$71,399 |
$96,465 |
$136,929 |
$185,000 |
54 |
$74,789 |
$76,739 |
$103,170 |
$137,605 |
$185,000 |
55 |
$80,734 |
$82,576 |
$110,463 |
$138,296 |
$185,000 |
56 |
$87,256 |
$88,968 |
$118,410 |
$139,000 |
$185,000 |
57 |
$94,426 |
$95,982 |
$127,088 |
$139,719 |
$185,000 |
58 |
$102,323 |
$103,694 |
$136,584 |
$140,452 |
$185,000 |
59 |
$111,040 |
$112,194 |
$146,999 |
$141,197 |
$185,000 |
60 |
$120,682 |
$121,582 |
$158,447 |
$141,957 |
$185,000 |
61 |
$131,374 |
$131,977 |
$171,063 |
$142,729 |
$185,000 |
62 |
$143,257 |
$143,514 |
$185,000 |
$143,514 |
$185,000 |
63 |
$144,446 |
$144,313 |
$185,000 |
$144,313 |
$185,000 |
64 |
$145,643 |
$145,124 |
$185,000 |
$145,124 |
$185,000 |
65 |
$146,849 |
$145,948 |
$185,000 |
$145,948 |
$185,000 |
66 |
$148,063 |
$146,786 |
$185,000 |
$146,786 |
$185,000 |
67 |
$149,284 |
$147,637 |
$185,000 |
$147,637 |
$185,000 |
68 |
$150,514 |
$148,502 |
$185,000 |
$148,502 |
$185,000 |
69 |
$151,751 |
$149,382 |
$185,000 |
$149,382 |
$185,000 |
70 |
$152,993 |
$150,274 |
$185,000 |
$150,274 |
$185,000 |
71 |
$154,239 |
$151,179 |
$185,000 |
$151,179 |
$185,000 |
72 |
$155,486 |
$152,095 |
$185,000 |
$152,095 |
$185,000 |
73 |
$156,733 |
$153,020 |
$185,000 |
$153,020 |
$185,000 |
74 |
$157,978 |
$153,953 |
$185,000 |
$153,953 |
$185,000 |
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 2008 is $185,000.
- No actuarial increase post age 65.
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