How Do I Use Catch-up Contributions

If you’re getting closer to retiring, but feel like you need to contribute a little more to your retirement investments, taking advantage of Catch-up contributions may be right for you.

There are two ways you can contribute more to your Plan:

• The Age 50 and Over Catch-up allows you to defer up to $6,000 over the normal deferral limit to the Plan, beginning in the year that you turn age 50 or older.
  • To use the 50 and over Catch-up, fill out the 50 and Over Catch-up form (PDF) an return it to one of the addresses indicated on the form.
• The Special 457 Catch-up also allows you to contribute additional money into the Plan. For three consecutive years prior to your Normal Retirement Age, you may make additional contributions up to the maximum limit permitted by IRS law.
  • Contact an Account Executive if you have questions about the Special 457 Catch-up.

Get the help you need

These catch-up contributions may not apply to all plans, please talk to your Account Executive for more information about Catch-up contributions.

Please note that all investments carry some risk including the possible loss of your principal.