Annual Maximum Contribution and Compensation Limits Applicable to the Optional Retirement Plan, the Arizona State Retirement System, and the Public Safety Personnel Retirement System:
Section 415 of the Internal Revenue Code identifies the maximum allowable compensation and contributions to qualified retirement plans, and authorizes the IRS Commissioner to adjust these limits annually for cost-of-living increases.
Limits are determined based on an employee's original date of hire. The plan year begins July 1 and ends the following June 30.
| Date of Hire is June 30, 1996 or Earlier |
Date of Hire is July 1, 1996 or Later |
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| Plan Year | 2007/2008 | 2008/2009 | 2009/2010 | 2007/2008 | 2008/2009 | 2009/2010 |
| The lesser of annual compensation |
$335,000 | $345,000 | $360,000 | $225,000 | $230,000 | $245,000 |
| -OR- | ||||||
| Combined employee & employer contributions |
$45,000 | $46,000 | $49,000 | $45,000 | $46,000 | $49,000 |
