|Maximum 2015 Deferred Compensation Contribution Limits
Pursuant to IRS Section 457 Regulations:
The regular yearly contribution amount for Deferred Compensation has been increased from $17,500 to $18,000.
The Deferred Compensation “Retirement Catch-Up” provision, available to employees in each of the last three years prior to normal retirement age, has been increased to $18,000, for a combined maximum total contribution of $36,000 for calendar year 2015.
An additional deferment is available to employees age 50 and over. These employees can defer up to $6,000 in addition to their regular contribution amount, for a combined total contribution limit of $24,000 in 2015. However, employees cannot choose to have both the “Retirement Catch-Up” and the “50 and Over Catch-Up” additional amounts deferred in the same year.