The IRS has announced the new pension limits for 2007.

  • Elective deferrals go up to $15,500 ($20,500 catch up)
  • Defined contribution limits go up to $45,000

It does not include limits for IRAs which remain at $4,000 ($5,000 catch up) for 2007.  Here is a table of all pension plan limits For a table of all the changes see.