Employee Contributions (ERE)

When you participate in the Retirement Investors' Club (RIC) 403b Program, contributions (in the amount you choose) are automatically made from your salary. 

Contribution Limits

The minimum amount you must contribute, the number of deductions taken per year and the number of payroll changes allowed in a year, are established by your employer. 

The  IRS 403b maximum contribution limits are declared annually. All pretax contributions and earnings stay tax deferred until you take the money out as income anytime after terminating from this employer. Roth contributions are made post-tax. More information on pretax vs. Roth may be found on the Tax Benefits webpage.

Beginning in 2026, a new federal law took effect which changes how higher-earners age 50 and over make contributions to their 403b plans.

Here's how the law works:

• Beginning on January 1, 2026, workers who are 50 or older who earned more than $150,000 in OASDI wages in the prior year will need to make any contributions over the regular limit on a Roth basis, excluding contributions made using the 15-year catch-up.

Your employer will monitor contributions for those impacted by this requirement and will change contributions from pretax to Roth as needed. If you are affected by this change and do not wish to contribute on a Roth basis once your contributions reach the regular limit, please contact your employer and request that your contributions stop for the remainder of the calendar year. 

Changes to Salary Reduction Amount

If you wish to change your salary reduction amount, review your employer details to see how often changes are allowed. To change your salary reduction, please complete the  RIC Salary Reduction Form (530.22 KB) .pdf .