|
457(b) Plan Dollar Limits | |||||
|
Rule |
2008 |
2009 |
2010 |
2011 |
2012 |
|
Limit on employee contributions |
$15,500 |
$16,500 |
$16,500 |
$16,500 |
$16,500 |
|
"Catch-Up" contributions for participants age 50 or over |
$5,000 additional |
$5,500 additional |
$5,500 additional |
$5,500 |
* $5,500 |
Special Retirement Provision - Employees who are within three years
of attaining normal retirement (age 65 per plan document) may contribute
the lesser of (1) twice the
annual limit, or (2) the annual limit plus the total amount of underutilized
contributions from the prior years.
Note: *=Limits subject to annual review by the IRS.