* Increased contribution limits: Maximum annual contributions will increase from the current cap of $10,500 to $11,000 in 2002 and will increase in increments of $1,000 until 2006 when they will hit $15,000. After 2006, maximum contributions will increase in increments of $500 based on cost-of-living increases.

* "Catch-up" provision: Those 50 and older will be able to contribute an additional $1,000 in 2002. That cap will also increase annually through 2006 when it reaches $5,000. The "catch-up" provision is also subject to cost-of-living increases after 2006.

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