Contributions to the RIC 457 plan are made through payroll deductions. To change your contributions, make your elections in Workday. Find out more about RIC for State Employees.
| Year | 2024 | 2025 | |
|---|---|---|---|
| Regular Limit | Lesser of 100% of compensation* or: | $23,000 | $23,500 |
| Age 50+ Limit** | Regular limit + $7,500 if age 50+ | $30,500 | $31,000 |
| Age 60 -63 | Regular limit + $11,250 if 60-63 | NA | $34,750 |
| 3-Year Catch-Up Limit*** | Regular limit + missed contributions up to: | $46,000 | $47,000 |
Please Note: The combined amount of all 457 pretax and post-tax Roth elective contributions in a tax year is limited to the IRS maximum contribution limits shown above.
*Compensation is your gross salary minus your retirement (IPERS, POR, and Judicial) deductions. The amount you contribute may be reduced by deductions for FICA, insurances, flexible spending accounts, auto use maintenance, and assignments.
**Participants are not able to use the 50+ limit and the 3-Year Catch-Up limit at the same time.
***Participants within 3 years of normal retirement may qualify to contribute more than the regular limit under the program's 3-Year Catch-up Provision.