The IRS has announced new limits for 403(b) plans. The annual base limit for 2020 is increasing to $19,500. Any employee over age 50 (or turning 50 in 2020) can make an additional contribution of $6,500 for a maximum contribution of $26,000.
To make a change to your contribution go to www.tiaa.org/canisiuscollege and click “Log in” located in the upper right hand corner. Once logged into the system, click “Action” at the top of the page, then click “Change my Contributions” and then click “Manage My Contributions” and enter your change.
Submitted by: Dawn Rotterman, benefit manager, Human Resources