On October 27, the IRS announced that the limits for 403(b) plans will not change from the 2016 limits. The current annual limit is $18,000. Employees over age 50 may contribute an additional $6,000 for a total contribution of $24,000.00.
You are eligible to change your TIAA contributions four times in a calendar year – when to change is your decision.
Those who would like to change their contributions for calendar year 2017 can download and return the completed form to Human Resources.
Submitted by: Dawn Rotterman, benefits specialist, Human Resources