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Annual Addition |
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Annual Addition In a defined-contribution plan, the maximum contribution an annuitant may make to a qualifying retirement account per year. The annual addition is usually the lesser amount of a percentage of income or a certain dollar amount, the latter of which is indexed to inflation. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| For limitation years ending in 2010, the annual addition limitation for defined contribution plans under Code section 415(c)(1)(A) will remain at $49,000, and the annual benefit limitation for defined benefit plans under Code section 415(b)(1)(A) will remain at $195,000. Wind power brought online in the last quarter of 2008 (4,112 megawatts) exceeds annual additions for every year except 2007. In fact the committee was so impressed with the idea, pitched by 11-year-old Morpeth Harrier's runner Sarah Wilkes, that it's set to become an annual addition to the line-up. |
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