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2016 Contribution Limits for 403(b) Plan

The Internal Revenue Service recently announced the annual 403(b) limits for 2016. The limits which are staying the same as in 2015, are summarized below:

  • Pre-tax Elective Deferral
  • Age 50 & Over Catch-up
  • Overall by Employer/Employee
  • Annual Compensation
  • $18,000
  • $6,000
  • $53,000
  • $265,000

The 2016 Retirement Choice period for contributions effective January 1, 2016 will close on December 10. Going forward in 2016, you will be able to enroll and manage your JHU retirement plan contributions and investments using the new online portal available on the myChoices tab of the Benefits website.

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