Rga Actuarial

Contributions and Benefits		2012 Limit	2011 Limit
§401(k) and §403(b) maximum elective salary deferral		$17,000	$16,500
SIMPLE plan maximum salary deferral		$11,500	$11,500
§457(e)(15) nonqualified deferred compensation plan maximum salary deferral		$17,000	$16,500
Catch-up (age 50 or older) in §401(k), §403(b) and §457(b)		$5,500	$5,500
Catch-up (age 50 or older) for SIMPLE Plans		$2,500	$2,500
Highly compensated employees (HCE) compensation limit (earned in prior year)		$115,000	$110,000
Maximum annual compensation for benefit purposes		$250,000	$245,000
Code §415 Maximums
Defined benefit plan annual payout limit at age 62		$200,000	$195,000
Defined contribution plan annual maximum deferral		$50,000	$49,000
Employee Stock Ownership Plans
Maximum amount subject to 5-year distribution period		$1,015,000	$985,000
Amount for extension of 5-year distribution period		$200,000	$195,000
Pension Benefit Guaranty Corporation
Maximum guaranteed annual benefit (single employer plans)		$55,841	$54,000
Maximum guaranteed annual benefit (multiemployer plans)		$429 x yrs. of service	$429 x yrs. of service
Multiemployer
Fixed premium (per participant)		$9.00	$9.00
Single employer
Fixed premium (per participant)		$35.00	$35.00
Variable premium (based on PBGC interest rates)		0.9% of UVB	0.9% of UVB
QUALIFIED TRANSPORTATION BENEFIT
Parking (per month)		$240.00	$230.00
Transit Pass & Van Pooling (combined) (per month)		$125.00	$230.00
Social Security/Medicare
Social Security
OASDI taxable wage base		$110,100	$106,800
OASDI tax rate		6.2%	4.2%
Maximum monthly benefit at full retirement age		$2,513	$2,366
Full retirement age		66 yrs.	66 yrs.
Cost of living adjustment		3.6%	0%
Maximum income without reducing Social Security retirement benefits
Over SSNRA		No limit	No limit
Year individual attains SSNRA*	Annual Amount	$38,800	$37,680
	Monthly Amount	$3,240	$3,140
Years before SSNRA**	Annual Amount	$14,640	$14,160
	Monthly Amount	$1,220	$1,180
Medicare Part A
HI (Medicare) taxable wage base		No limit	No limit
Medicare tax rate		1.45%	1.45%
Deductible		$1,156	$1,132
Medicare Part B
Monthly premium		$99.90	$115.40
Deductible		$140.00	$162.00
Medicare Part D
Deductible		$320.00	$310.00
HDHP Minimum Deductible Amount
Individual		$1,200	$1,200
Family		$2,400	$2,400
HDHP Maximum Out-of-Pocket Amount
Individual		$6,050	$6,050
Family		$12,100	$12,100
HSA Statutory Contribution Amount
Individual		$3,100	$3,100
Family		$6,250	$6,250
Catch-Up Contributions (age 55 or older)		$1,000	$1,000

* For individuals in the calendar year of their Social Security Normal Retirement Age (SSNRA), $1 in benefits will be withheld for every $3 in earnings above the limit. There is no limit on earnings beginning the month an individual attains SSNRA.

** For individuals under SSNRA, $1 in benefits will be withheld for every $2 in earnings above the limit.