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Retirement Topics - 457(b) Contribution Limits

A 457(b) plan’s annual contributions and other additions (excluding earnings) to a participant’s account cannot exceed the lesser of:

  1. 100% of the participant's includible compensation, or

  2. the elective deferral limit ($17,500 in 2013 and 2014).

Increases to the general annual contribution limit:

  • 457(b) plans of state and local governments may allow catch-up contributions for participants who are aged 50 or older.

  • Special 457(b) catch-up contributions, if permitted by the plan, allow a participant for 3 years prior to the normal retirement age (as specified in the plan) to contribute the lesser of:

    • Twice the annual limit ($35,000 in 2013 and  2014), or
    • The basic annual limit plus the amount of the basic limit not used in prior years (only allowed if not using age 50 or over catch-up contributions)

Additional Resources:

Publication 4484, Choose a retirement plan for employees of tax exempt and government entities (schools, hospitals, churches, charities)

Page Last Reviewed or Updated: 31-Oct-2013