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Compensation Limits for 2020

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Compensation limits do not limit the salary your employer can pay, but rather limits the amount of compensation we can take into account when determining your contributions and calculating your monthly pension benefit under your retirement plan. See below for new compensation limits in 2020 based on your plan and membership with SamCERA.

2020 Pensionable Compensation Limits for Plan 7 Members

Public Employees’ Pension Reform Act (PEPRA)/Plan 7 members are subject to pensionable compensation limits that are set by statute.

In 2020, pensionable compensation caps for PEPRA members are:

  • General Plan 7 Members (County & Court): $126,291
  • General Plan 7 Members (Mosquito & Vector Control District): $151,549
  • Safety & Probation Plan 7 Members:  $151,549

2020 IRS Compensation Earnable Limit

Every year, the IRS sets compensation earnable limits that apply to all SamCERA members (regardless of your plan) that were hired after July 1, 1996.

For 2020, the compensation earnable limit for members hired after July 1, 1996 is $285,000.

 

Questions? Please email samcera@samcera.org.