The regular contribution limit for elective deferrals to the 457 Deferred Compensation Plan will remain $18,000 in 2017. Employees age 50 or older may contribute up to an additional $6,000, for a total of $24,000. Employees taking advantage of the special catch-up may be eligible to contribute up to double the regular limit, for a total of $36,000 in the calendar year. For more information regarding special catch up, contact the Plan at email@example.com or 307-777-3325.
Contribution changes may be made by completing a Paycheck Contribution Election Form. Changes must be received by the Plan by the last day of of the current month to take effect as early as the following month.