The IRS has issued the annual retirement plan contribution limits for 2016. The limit for combined pre-tax and Roth contributions remains unchanged at $18,000 per person. If you are over 50 years old or will turn 50 at any time in 2016, you can make additional catch-up contributions up to $6,000.

Visit the Contributions page at https://www.hr.upenn.edu/myhr/benefits/retirement/
tdr/contributions/ for details or contact the Retirement Call Center at 1-877-PENN-RET (1-877-736-6738) for help determining the right weekly or monthly contribution amount to maximize your savings.

—Division of Human Resources