FINAL 3-YEAR CATCH-UP
01.Core Concepts
• Three years prior to normal retirement age an employee may defer an additional $23,500 for 2025 to the 457 plan. • Limited to prior unused deferral amounts • Maximum contribution equals $47,000: $23,500 deferral contribution + $23,500 catch-up contribution (for 2025) • Cannot include 50 and over catch-up contribution when determining the final 3-year catch-up