SOCIAL SECURITY VALUES AND QUALIFIED PLAN LIMITS, 1999
By David Langer, David Langer Company, Inc.
Based upon the cost of living adjustment of 1.3% down from 2.1% last year, the changes in Social Security values and qualified pension plan limits are shown below for 1999 with a comparison to those for 1998. This is the lowest benefit increase since December 1986.
Qualified Plan Limits
The values below have been rounded down, where applicable, as required by the Retirement Protection Act (DBP=defined benefit plan, DCP=defined contribution plan).
Maximum DBP benefit: $130,000, no change
Maximum DCP contribution: $30,000, no change
Maximum DBP and DCP compensation: $160,000, no change
Maximum IRC Sec. 401(k) salary deduction: $10,000, no change
Highly compensated employee (DBP & DCP): $80,000, no change
Excess benefit excise tax threshold: No longer applicable
January 1999 Issue
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