Employees, if you would like to change your contribution amount to your 457 deferred compensation plan, please download the ICMA 457 Pre-Tax/Post-Tax Deduction Change Form.
The contribution limit amounts for the ICMA 457 Plan pre-tax and post-tax is $17,500.
Those eligible for the Catch-Up Provision who are within three years of normal retirement age are able to catch-up twice the contribution limit set each year provided there are years the participant did not contribute the maximum available.
Employees who are age 50 or older may make additional "Catch-Up" contributions to the 457 Plan each year.Reminder: You may not participate in the Catch-Up and the New Age 50 Catch-Up simultaneously.
Participants will be able to move their 457 Plan when they are eligible (example: termination of employment) between retirement plans in the public, private, education, and nonprofit sectors. Money may be moved between a 401K, 403B, 457, and Traditional IRAs.
Unforeseeable Emergency Withdrawals
For more information related to emergency withdrawals of contributions participants will need to contact ICMA directly to make the request.
Employees can contact ICMA via:
Phone: 1-800-326-7272 Monday-Friday 8:30 am-7:30 pm (EST)
Account Login: http://www.icmarc.org/x40.xml