New in 2025! Age 60-63 catch-up amounts for voluntary 403(b) and 457(b)

Starting on January 1, 2025, the IRS has increased the catch-up amount for those ages 60-63. If you will be turning 60-63 during the calendar year, you can increase your catch up amount to $11,250. This brings the maximum contribution to $34,750 for those between 60-63. In the calendar year you turn 64, the age 50 catch up will apply for that year and beyond. To update your contributions for calendar year 2025, please complete a new form on our 403(b) webpage.

Emailed via benefits newsletter on 11/26/2024, 12/3/2024.
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