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About Hoosier S.T.A.R.T. > 2015 Maximum Annual Contribution Limits for 457(b) Plans 2015 Maximum Annual Contribution Limits for 457(b) Plans

The IRS has increased the annual contribution limit to $18,000 in 2015.   

If you're age 50 or older, you can take advantage of Age 50 Catch-Up paycheck contributions.  The age 50 Catch-Up limit is $6,000. If you maximize this opportunity, you can contribute up to $24,000 in 2015.

If you are at least within 3 calendars years from reaching normal retirement age as defined by your pension, you may be eligible for Special Catch-Up.  You may be eligible to contribute up to an additional $18,000 in 2015, for a total of $36,000 in retirement savings.  Please contact your Hoosier S.T.A.R.T. representative for more details.