Facts & Figures

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2017 2016 2015 2014 2013 2012
IRC Limits
401(k) plan elective deferral limit 18,000 18,000 18,000 17,500 17,500 17,000
401(k) plan elective deferral catch-up limit 6,000 6,000 6,000 5,500 5,500 5,500
Eligible 457 plan deferral limit 18,000 18,000 18,000 17,500 17,500 17,000
415 defined benefit maximum annuity 215,000 210,000 210,000 210,000 205,000 200,000
415 defined contribution maximum annual addition 54,000 53,000 53,000 52,000 51,000 50,000
401(a)(17) and 408(k)(3)(C) compensation limit 270,000 265,000 265,000 260,000 255,000 250,000
Highly compensated employee threshold 120,000 120,000 120,000 115,000 115,000 115,000
Social Security
Cost-of-living increase 0.30% 0.00% 1.70% 1.50% 1.70% 3.60%
OASDI contribution and benefit base (wage base) 127,200 118,500 118,500 117,000 113,700 110,100
Maximum monthly social security benefit worker retiring in January at age 65 2,542 2,491 2,452 2,431 2,414 2,310
PIA formula
1st bend point 885 856 826 816 791 767
2nd bend point 5,336 5,157 4,980 4,917 4,768 4,624
FICA tax rates
OASDI employer and employee 6.20% 6.20% 6.20% 6.20% 6.20%* 6.20%*
HI employer and employee 1.45% 1.45% 1.45% 1.45% 1.45% 1.45%
OASDI self-employed 12.40% 12.40% 12.40% 12.40% 12.40%* 12.40%*
HI self-employed 2.90% 2.90% 2.90% 2.90% 2.90% 2.90%
HI additional employee tax 0.90% 0.90% 0.90% 0.90% 0.90% n/a
* Employee portion 4.20% in 2011 and 2012
Medicare Part A – Hospital Insurance
Maximum monthly premium 413 411 407 426 441 451
Monthly premium for those with 30-39 credits 227 226 224 234 243 248
Inpatient hospital deductible 1,316 1,288 1,260 1,216 1,184 1,156
Coinsurance
Daily payment for 61-90 days of inpatient care 329 322 315 304 296 289
Lifetime limit for up to 60 reserve days 658 644 630 608 592 578
Daily payment for 21-100 days in a skilled nursing facility 165 161 158 152 148 145
Medicare Part B – Medical Insurance
Monthly premium 105 105 105 105 105 100
Annual deductible 183 166 147 147 147 140
Medicare Part D – Drug Benefit
Maximum annual deductible 400 360 320 310 325 320
25% co-pay up to coverage limit of: 3,370 3,310 2,960 2,850 2,970 2,930
100% co-pay up to coverage limit of: 7,425 7,063 6,680 6,455 6,734 6,658
5% co-pay after out-of-pocket of: 4,950 4,850 4,700 4,550 4,750 4,700