457 contribution limits

For 457 EE email

 IRS Declares Increase for 2023 457 Contribution Limits 

Are you taking full advantage of our employer's supplemental retirement savings benefit? Opportunities keep improving for the Retirement Investors' Club (RIC) 457 accounts! Learn more about this great employee benefit on the RIC website.

Year Regular Limit Age 50+ Limit 3-Year Catch-Up Limit*
  Lesser of 100% of compensation or: Regular limit + $7,500 for employees age 50+ Regular limit + missed contributions up to:
2023 $ 22,500 $ 30,000 $ 45,000
2022 $ 20,500 $ 26,000 (+ $6,500 in 2022) $ 41,000

If you want to change your contribution amount for January 2023, you must submit your 457 payroll deduction election  by logging into Workday (see instructions) by December 31, 2022. 

New to RIC? Check out how to enroll here.

* Go to 3-Year Catch-Up provision for more information.