2008 adjustments to pension contribution, benefit and computation limits have been released. While many inflation adjustments are in fact unchanged, here are some changes that are of interest:
-The limitation on the annual benefit under a defined benefit plan increases from $180,000 to $185,000.
-The limit on the annual additions to a participant's defined contribution plan account increases from $45,000 to $46,000.
-The maximum amount of annual compensation that can be taken into account for various qualified plan purposes increases from $225,000 to $230,000.
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