New in 2025! Age 60-63 catch-up amounts for voluntary 403(b) and 457(b)
Starting on January 1, 2025, the IRS has increased the catch-up amount for those ages
60-63. If you will be turning 60-63 during the calendar year, you can increase your
catch up amount to $11,250. This brings the maximum contribution to $34,750 for those
between 60-63. In the calendar year you turn 64, the age 50 catch up will apply for
that year and beyond. To update your contributions for calendar year 2025, please
complete a new form on our 403(b) webpage.
Emailed via benefits newsletter on 11/26/2024, 12/3/2024.
Contact Benefits: (907) 450-8242 | ua-benefits@alaska.edu | schedule one-on-one time