Contribution and Catch-Up Limits

The Internal Revenue Service (IRS) released 457(b) contributions limits for 457 plans such as NDC for Tax Year 2019.

Year	Regular Contribution Limits	50+ Catch-Up* Contribution Limits	3-Year Catch-Up** Contribution Limits
2018	100% of compensation up to: $18,500	For participants at least age 50 or turning 50 in 2018, 100% of compensation up to $24,500	The total of the regular limit + missed contributions up to $37,000
2019	100% of compensation up to: $19,000	For participants at least age 50 or turning 50 in 2019, 100% of compensation up to $25,000	The total of the regular limit + missed contributions up to $38,000

Year

Regular
Contribution Limits

50+ Catch-Up*
Contribution Limits

3-Year Catch-Up**
Contribution Limits

2018

100% of compensation up to: $18,500

For participants at least age 50 or turning 50 in 2018,

100% of compensation up to $24,500

The total of the regular limit + missed contributions up to $37,000

2019

100% of compensation up to:

$19,000

For participants at least age 50 or turning 50 in 2019,

100% of compensation up to

$25,000

The total of the regular limit +

missed contributions up to

$38,000

* The 50+ special catch-up available under Internal Revenue Code (IRC) Section 414(v) for individuals at least 50 years old in 2018 and make eligible pre-tax contributions to 401(k), 403(b), and governmental 457 plans.

**The 3-Year special catch-up election for employees participating in an eligible 457 deferred compensation who have elected the special catch-up available in the three years prior to the year of normal retirement age. You must provide a copy of the investment recordkeeper calculation sheet to ensure eligibility.

NOTE: The participant in a governmental 457(b) plan may make catch-up contributions in a year equal to the greater of (a) the amount permitted under the age 50+ catch-up rule, OR (b) the amount permitted under the normal retirement age catch-up rule.