On October 19, 2017, the IRS announced that the limits for 403(b) plans will change for 2018. The 2017 annual limit is currently $18,000 and will increase to $18,500 in 2018. The catch up for employees over age 50 remains at $6,000. This allows for a potential contribution of $24,500 for 2018.
You are eligible to change your TIAA contributions up to four times in a calendar year at any time.
If you would like to change your contributions for calendar year 2018, download and return the completed form below to Human Resources by December 11, 2017 in order to have it take effect for the first paycheck in 2018.
Submitted by: Dawn Rotterman, benefits specialist, Human Resources