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.
I'll take $1 a year, he vowed. Donald Trump said Sunday that he wasn't even sure what the presidential salary was -- but he wasn't taking it. During his first television interview as president-elect, Donald Trump told CBS Newsâ Leslie Stahl Sunday night that he would forgo taking a salary while heâs president. He added that he did not even know how much the president earned. âI think I have to by law take $1, so Iâll take $1 a year,â Trump said. âBut itâs a â I donât even know what it is. â$400,000 youâre giving up,â Stahl answered. âNo, Iâm not gonna take the salary.