Check-Out our Holiday Loan Specials! « return home

Current Contribution Limits

Retirement Savings Plan Contribution Limits

Retirement plan contribution limit summary for 2009 & 2010
Contribution Limits
Year 403(b) & Roth 403(b)*
2009 $16,500
2010 $16,500
Year 457(b)
2009 $16,500
2010 $16,500
 
403(b) & Roth 403(b) Catch-up Provisions
Year Age 50+ years 15+ years as an employee** Age 50+ years AND 15+ years as an employee
2009 $5,500 $3,000 $8,500
2010 $5,500 $3,000 $8,500
 
457(b) Catch-up Provisions
Year Age 50+ years or 3 years from retirement***
2009 $5,500 $16,500
2010 $5,500 $16,500

* Includes contributions to a traditional and Roth 403(b) plans combined.

** Employees with 15 or more years of employment with their current employer may be eligible to contribute an additional $15,000 over 5 years under a special catch-up rule, not to exceed $3,000 per year.

*** Up to $33,000 (2 x $16,500) for three consecutive years if you are within three years of normal retirement age. This option is available for employees who, in previous years, have not deferred or have deferred less than the maximum allowed to the 457(b) plan.

Source: IRS Announcement: http://www.irs.gov/newsroom/article/0,,id=187833,00.html

Helpful Links

http://www.calstrs.com/

http://www.calpers.ca.gov/

http://www.ssa.gov/

http://www.irs.gov/
 

Your savings federally insured to at
least $250,000 and backed by the
full faith and credit of the United States
Government National Credit Union
Administration, a U.S. Government Agency		 Ontario Montclair School Employees Federal Credit Union
1520 North Palmetto Ave., Ontario, California 91762
(909) 983-1959


Our partners are chosen with service and value in mind. However, please give careful consideration when using our third-party services.
We do business in accordance with the federal Fair Housing
Law and the Equal Credit
Opportunity Act