Retirement plan contribution limits changed for 2015. Some of the cost of living adjustments for pension plans highlights include:
- The maximum elective deferrals for individuals who participate in 401(k), 403(b), and 457 plans increased from $17,500 to $18,000.
- The catch-up contribution for participants age 50 and older increased from $5,500 to $6,000.
- The maximum contribution for defined contribution pension plans increases from $52,000 to $53,000, or $59,000 with catch-up provisions.
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