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 MoreEnhancements to the George Mason University Retirement Program
HR News Enhancements to the George Mason University Retirement Program We are pleased to let you know about some exciting enhancements coming to employee retirement plans at George Mason University in late March. These changes are the result of a year-long review of the plans by Mason’s Investment Plan Committee…
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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