Catch Up Contribution rules come in two flavors:
- 414(v) for salary deferral plans (including SAR-SEPs, and SIMPLE IRAs.)
- 219(b)(5)(B) for Traditional and Roth IRAs.
Both Sections have the Catch up dollar limits set to fixed levels through 2006.
After 2006, though, it seems that 414(v) limits are subject to Cost of Living Adjustments whereas the 219 limits are not.
Can anyone confirm this?