Annual Contribution Limit for 403(b) and 457(b) Accounts Increases in 2013

What's New

The IRS has raised the annual contribution limit for 403(b), 457(b) and 401(k) retirement plan accounts to $17,500 for 2013, an increase of $500 over the previous limit.

The additional catch-up contribution limit for those who are age 50 or older as of December 31, 2012 remains unchanged at $5,500.

To learn more, visit the IRS website.

Looking to open a 403(b) or 457(b) account or roll over assets from your employer’s account held elsewhere? Consider CalSTRS Pension2®.