Deferred Compensation Plan 457(b) featuring Roth – 2025 Annual Deferral Amounts

DEFERRED COMPENSATION PLAN 457(b) featuring Roth
2025 Annual Deferral Amounts

The IRS has announced changes to the annual maximum deferral amounts for the Deferred Compensation 457(b) Plan for 2025. Deferral amounts are as follows:

Regular Maximum (age 49 and younger)

$23,500

Minimum Bi-Weekly Amount (26 pay periods)

$903.85

Age 50+ Catch-Up (age 50-59 / age 64+)

$31,000

Minimum Bi-Weekly Amount (26 pay periods)

$1,192.31

Age 60-63 Catch-Up

$34,750

Minimum Bi-Weekly Amount (26 pay periods)

$1,336.54

3-Years Special Catch-Up *

$47,000.00

Minimum Bi-Weekly Amount (26 pay periods)

To Be Determined, individually calculated.

If you want to make changes to your current bi-weekly deferral amount, please click here to complete and submit your request online.

If you would like to make a change to your investments, please click here to make an appointment with a Plan Level Counselor for assistance, or click here to make changes to your fund line-up yourself.

Please note, if your current bi-weekly amount is not changed, it shall continue into 2025 until a change is submitted; refer here.

Age 50+: If you become age 50 in any month of 2025, you may begin deferring the ‘50+ Catch-Up’ amount beginning pay period 1 of January 2025.

Age 60-63: If you are or will become age 60-63 in any month of 2025, you may begin deferring the ’60-63 Catch-Up’ amount beginning pay period 1 of January 2025. If you are currently, or are turning 64 in any month of 2025, you can contribute up to the Age 50+ ‘Catch-Up’ limit.

Roth Feature: If you make Roth contributions before December 31, 2025, the 5 taxable-year period of participation will be counted as beginning on January 1, 2024.

* Current 3-Year Special Catch-Up participants: Please wait for specific instructions and information regarding your requirements.