Contributing to the Plan
You may save 100 percent of your eligible compensation, subject to the annual maximum IRS contribution limit. Contributions will be automatically deducted from your paycheck. Whether you make pre-tax or Roth contributions, the total amount you may contribute to the PERAPlus 457 Plan is subject to the annual IRS contribution limits.
You may change your contribution amount by logging on to your Plan account. Changes must be received by 2:00 p.m. (Mountain time) on the 25th of the month or the first business day after in order to be effective for the following month or the following payroll period, whichever is later.
For the 2021 IRS contribution limits please see the following table:
Annual Elective Deferral Limit: |
$19,500 |
Catch-Up Contributions Limit: |
$6,500 |
Special 457 Catch-up Contribution: |
Up to $19,500 |
DC 415 Plan Limit: |
$58,000 |