New IRS limits for 2013
The IRS has increased the maximum deferral amounts for employee contributions to the 403(b) and 403(b) Roth retirement plans.
The maximum deferral limit for 2013 is $17,500 per calendar year. If you are over age 50, you can make additional catch-up contributions up to $5,500. The 457(b) plan deferral limit has also increased to $17,500.
You can make changes to your contribution amounts at any time through Self-Service. Visit the Benefits web site, and see “Retirement Benefits” for more information.
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