2025 Contribution Limits

457 Deferred Compensation Plan

• $23,500 This limit includes both employee and employer contributions

Three Ways to Catch-Up on 457 Contributions

• Age 50+ Catch-up | IRS Annual Contribution Limit of $7,500
  • Beginning in the year the member turns age 50, they can make additional annual catch-up contributions to the FPPA 457 Deferred Compensation Plan
• Age 60-63 Catch-up | IRS Annual Contribution Limit of $11,250
  • In years when Members are age 60, 61, 62, or 63 on December 31, their maximum catch-up contribution increases to $11,250
• 3 Year Catch-up | IRS Annual Contribution Limit of $47,000
  • This provision allows Members the potential to double their 457 contributions when they are within three full calendar years of the normal retirement age specified by their retirement plan

Statewide Money Purchase Plan and Statewide Retirement Plan: Money Purchase

• $70,000 This limit includes both employee and employer contributions