Begin or change your contributions, complete the RIC 403b Salary Reduction Form. Learn more information about RIC Education-Related Employees.
| Year | 2024 | 2025 | |
|---|---|---|---|
| Regular | Lesser of 100% of compensation* or: | $23,000 | $23,500 |
| Age 50+ | Regular limit + $7,500 if age 50+ | $30,500 | $31,000 |
| 15-Yr Catch-Up** | Employed w/current employer 15+ yrs & meet other eligibility rules | $26,000 | $26,500 |
| Age 60 -63 | Regular limit +$11,250 if ages 60-63 | NA | $34,750 |
| Total EE+ER*** | The max an employer & employee combined may contribute | $69,000 | $70,000 |
Please Note: The combined amount of all 403b 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/FICA) deductions. The maximum amount you may contribute is reduced by deductions for FICA, insurances, flexible spending accounts, employee organizations, assignments, and other like items. Contributions must not exceed the IRS maximum limits shown above. ** A calculation is required to determine the actual amount available under the 15-Year Catch-up. If an employee is eligible for both catch-ups in the same year, that year's 15-Year Catch-up must be used first before contributing under the 50+ Catch-up. This additional 403(b) catch-up of up to $3,000 per year cannot exceed cumulatively $15,000 over the lifetime of the 403(b) participant. ***Total limit for employees age 50 or older who contribute the full Age 50+ Catch-Up is $76,500 for 2024 and $77,500 for 2025. Total limit for employees ages 60-63 who contribute the full 60-63 Catch-Up is $81,250 for 2025. |
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