"[The proposed retirement savings cap] is based on the amount needed to generate an annuity payment of $205,000 a year for a 62-year-old worker in a traditional, defined-benefit pension plan. If interest rates rise, annuities could get cheaper, meaning the cap could shrink. Going back to late 2006, for example, annuities paying that amount cost as little as $2.2 million for someone age 65[.]"  MORE >>