Skip to main content

IRS announces retirement plan contribution limits

laptop computer

The 403(b) and 457(b) contribution limits have increased from $20,500 to $22,500 and the age 50 catch-up contribution is up from $6,500 to $7,500 for the 2023 tax year. 

Employees wanting to enroll in a Supplemental Retirement Account or tp make changes to an existing account should complete the electronic Salary Reduction Agreement

The deadline to submit SRA changes or new account enrollments is 5 p.m. on Dec. 14.

Changes will go into effect Jan. 13, the first paycheck in 2023.

For questions, contact WVU Shared Services at 304-293-6006 or