What are maximum benefit limits for older ages

[RayJJohnsonJr]

Is there a table showing the maximum monthly benefit limits for older ages, for example, ages 66 to 80?

[Effen]

They are based on the plan's actuarial equivalence factors (limited by 415 regulations), but never to exceed the maximum compensation limit. Therefore, the highest the limit can be in 2015 is $265,000 regardless of the age, which you will probably be hit around age 69.

Just like the factors for retirement ages below 62, no one can really tell you what the maximum is, because it is different for every plan.

[RayJJohnsonJr]

Thanks Effen.

[FAPInJax]

Actually, it is worse than that. The compensation limit is high 3 and therefore an average of 265000, 260,000 and 255000 produce a maximum of 260000.

Now, the dollar limit at 65 is 210000. The use of 5% 2015 Applicable mortality produces numbers like

66 226257

67 243993

68 263432 (over the 260000 so limited)

You can see it does not take long.

[RayJJohnsonJr]

So, the max comp is the ultimate limiting factor. I saw where a Plan that existed before 12/31/07 could grandfather in a larger benefit.

[david rigby]

Don't forget about the commencement issues mentioned in Reg. 1.415(a)-1(f)(7).
https://www.law.cornell.edu/cfr/text/26/1.415(a)-1

[Calavera]

Crossover age maybe much higher than 68 if you have less than 10 years of participation but more than 10 years of service at those 68+ ages.