Next Hybrid Plan Voluntary Contribution Change Deadline
HR & Payroll News Next Hybrid Plan Voluntary Contribution Change Deadline Hybrid Retirement Plan members can adjust their voluntary contribution elections on a quarterly basis – contributing up to 4% of their creditable compensation each month – to help meet their savings goals. Members can maximize a 4% voluntary contribution…
Read MoreIRS Increases Deferred Compensation Contribution Limits
IRS Increases Deferred Compensation Contribution Limits The Internal Revenue Service has increased the maximum dollar amount you may contribute in 2023 to tax-deferred savings plans, such as the Commonwealth of Virginia 457 Deferred Compensation Plan. The annual deferral limit for 457 plans for participants younger than age 50 has increased to…
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