IRS announces 2005 retirement plan limits
The U.S. Internal Revenue Service recently announced cost-of-living adjustments to various dollar limitations for retirement plans. The limits for 2005 are:

• Maximum pre-tax contribution by employees for elective deferrals: $14,000 (previously $13,000)
• Maximum pre-tax catch-up contributions by employees: $4,000 (previously $3,000)
• Defined contribution maximum: $42,000 (previously $41,000)
• Highly compensated employees: $90,000 for 2005, $95,000 for 2006
• Compensation cap: $210,000 (previously $205,000)

Special life insurance enrollment offered
WSU Human Resources is offering a special life insurance enrollment through Monday, Nov. 8. This special enrollment provides employees an opportunity to increase their supplemental life coverage one level without completing a medical history form and/or enroll in the newly added dependent life insurance option. Please review the details of this program at www.hr.wayne.edu/ben/For_Your_Benefit.htm.