Retirement

Retirement Planning

• Checklist for Retirement
• Individualized Retirement Counseling

Retiring Employees

• Information for Retiring Employees

Retirement Plans

• Basic Retirement Plan 401(a)
• Supplemental Retirement Plan 403(b)

• Deferred Compensation Plan 457(b)

2017 Annual Limits Announced

The IRS has announced the 2017 annual limits for the 403(b) and the 457(b) retirement plans. The 2017 maximums are as follows:

For the 403(b) plan, the annual limit is $18,000 for those under the age of 50 and $24,000 for those 50 and older.

For the 457(b) plan, the annual limit is $18,000 for those under the age of 50 and $24,000 for those 50 and older. In order to participate in the 457(b) plan, a faculty or staff member must be on target to max out their 403(b) plan for the 2017 year.