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.
| Age / Milestone | Description | 2025 |
|---|---|---|
| Regular Limit | Lesser of 100% of compensation* or: | $23,500 |
| Age 50+ Limit** | Regular limit + $7,500 if age 50+ | $31,000 |
| Age 60 -63 | Regular limit + $11,250 if 60-63 | $34,750 |
| 3-Year Catch-Up Limit*** | Regular limit + missed contributions up to: | $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
*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.
Limits
**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.