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2019 403(b) Updates

On Thursday, November 1, the IRS announced the new limits for 2019 for 403(b) plans. Currently, the annual limit for those under age 50 is $18,500 and this will increase to $19,000 for 2019. Employees over age 50 may contribute an additional $6,000, making the annual limit $25,000 for 2019.

If you would like to change your contributions for 2019, please complete the attached 2019 Salary Reduction Agreement and return it to the Human Resources Department. If you have any questions, please contact Human Resources at Ext. 2240.

Submitted by: Mary Braun, assistant, Human Resources