Some still refer to this as the $7,000 limit (its original setting in 1987). The 457 Deferral Limit is a similar restriction, applied to certain government plans (457 plans). The Annual Benefit Limit is the maximum annual benefit that can be paid to a participant (IRC section 415).0. Increasing by $500 each year in 2004-6; thereafter, COLA increase, if any, in $500 increments. The Elective Deferral Limit is the maximum contribution that can be made on a pre-tax basis to a 401(k) or 403(b) plan (Internal Revenue Code section 402(g)(1)).
exists and is an alternate of . The President will be paid $400,000 per year (annually), and has a $50,000 spending budget, gets use of a fleet of special secure Planes known as Air Force One only when he is aboard it, and has use of the Presidential retreat, Camp David, among other privileges.
The U.S. president, leader of a country of 312million people in comparison to Singapore's 5.1million, earns around $400,000 (Â£256,000). And the pay packet of the Singapore leader dwarfs that of British Prime Minister David Cameron, who earns $222,000 a year (Â£142,000).ingapore's Prime Minister has reacted to public anger over income inequality by taking a 36 per cent pay cut-but is still one of the world's best paid political leaders. Prime Minister Lee Hsien Loong has had his salary reduced by over a third after public fury over soaring housing costs and increased pay inequality.