The Internal Revenue Service has announced the 403(b) and 457(b) contribution limits have increased from $23,000 to $23,500 with new catch-up contribution amounts and age brackets.
Employees wanting to enroll in a Supplemental Retirement Account or make changes to an existing account should complete the electronic Salary Reduction Agreement.
The deadline to submit SRA changes or new account enrollments to begin on the first pay in 2025 — Jan. 10 — is 5 p.m. Wednesday, Dec. 11.
For questions, contact SharedServices@mail.wvu.edu or 304-293-6006.