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Benefits Bulletin: Save more money for retirement!

The IRS announced the 2020 contribution limits for the voluntary retirement savings plans:

Plan type                                                             Maximum employee contribution during CY 2020

401(k)/403(b) aggregate limit                      $19,500

457(b)                                                                $19,500

Catch-up contributions  (Age 50+)             $ 6,500

For more information on the voluntary supplemental retirement plans, please visit the retirement page of the OHR website.

Categorised in: General

This post was written by Morrow, Jennifer G.