The Internal Revenue Service announced cost-of living adjustments affecting dollar limitations for pension plans and other retirement-related items for the tax year 2012.
| 2011 | 2012 | |
| Elective deferrals 403(b) | 16,500 | 17,000 |
| Catch-up contributions for 403(b) plan participants age 50 and over | 5,500 | 5,500 |
| 415 limit on maximum combined employee/employer contributions to defined contribution plans | 49,000 | 50,000 |
| 457(b) elective deferrals | 16,500 | 17,000 |
| 457(b) catch up contribution (subject to age and other restrictions | 16,500 | 17,000 |
| Annual compensation limit for retirement program purposes | 245,000 | 250,000 |
| Social Security wage base | 106,800 | 110,100 |
| Medicare wage base | No limit | No limit |
