Annual Limits For Benefit Plans For 2006

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Each year, the U.S. government adjusts the limits for retirement plans, Social Security, Medicare, and other benefit programs to reflect price and wage inflation, and changes in the law. As a result, employers must annually adapt their benefit plans to accommodate the new limits. The limits for 2006 as well as last year’s limits are set forth below.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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