2015 RETIREMENT PLAN CONTRIBUTION LIMITS
The amount you can contribute to your 403(b) account on a tax-deferred basis will change for 2015.
The elective deferral contribution limit has increased from $17,500 to $18,000. The catch-up contribution limit for employees age 50 and over has increased from $5,500 to $6,000.
It’s easy to start in the plan or change your contribution amount.
- To begin making 403(b) contributions, contact Myra Cooper for enrollment information. You will need to complete an online Enrollment with TIAA-CREF and a Salary Reduction Agreement.
- If you already participate in the plan and want to change your contribution amount, you will need to complete a new Salary Reduction Agreement.
If you have any questions or need forms, please contact Myra Cooper at firstname.lastname@example.org or at 884-8311. You may also contact TIAA-CREF directly at (800) 842-2888.
For full details regarding the 2015 Limits announced by the IRS, please visit the IRS website.
HEALTHTRAX MEMBER INFORMATION
BREVARD COLLEGE PARTICIPATES IN E-VERIFY
Beginning in January 2013, Brevard College will provide the Social Security Administration (SSA) and, if necessary, the Department of Homeland Security (DHS), with information from each new employee's Form I-9 to confirm work authorization.