Elective Deferral Limit
|
Amount that an individual can contribute on a pre-tax
basis to the University's 403(b) plans
|
$12,000
|
$13,000
|
Age 50 and Over Catch-up1
|
Additional amount individuals age 50 and over can contribute
as a "catch-up" to the 403(b) plans (in addition
to the elective deferral limit)
|
$2,000
|
$3,000
|
1 Participants who have been employed with
the University for fifteen (15) years or more may be
eligible for an additional catch-up contribution.
|