expected plan limts for next year

[Tom Poje]

they just released the CPI-U factor about half hour ago.

so for July-Aug-Sept

we have

238.250

237.852

238.031

based on the regs this means the limits for next year are

(assuming my spreadsheet still works)

catch up 6000

deferral 18000

comp 265000

415 limit 53000

db limit 210000 (no change)

key 170000 (no change)

hce limit 120,000

I'd expect the IRS to release these figures shortly

[Tom Poje]

and I see

The Social Security Administration also announced Wednesday that the maximum amount of earnings that workers pay Social Security taxes on will increase from $117,000 to $118,500 in 2015, based on the increase in average wages.

here are the values I have for the covered comp

covered comp at 118500.xls