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AG 2012 01 27-28
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AG 2012 01 27-28
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Last modified
2/29/2012 3:45:50 PM
Creation date
11/27/2017 11:07:12 AM
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Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
1/27/2012
Board
Board of Commissioners
Meeting Type
Regular
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Annual contribution limits are set by the IRS for 2012 <br />Annual <br />Contribution $3,100 for individuals & $6,250 for families <br />Rules <br />Additional Those 55 years of age or higher, but not entitled <br />Funding to Medicare benefits, can fund an additional <br />$1,000 /year "catch -up" contribution! <br />Amount of Contributions above the annual limit are subject to <br />Funding income taxes and a 20% penalty. <br />Attachment number 1 <br />Page 69 <br />
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