Published to Newsletter on Jan 25, 2023
The annual contribution limit for 403(b) and 457(b) plans has increased to $22,500 for 2023 (up from $20,500 in 2022). Employees who are age 50 or over at the end of the calendar year can also contribute an additional $7,500 in catch-up contributions (up from $6,500 in 2022).
To open a new account, choose investment providers, change your contribution or investment providers, please visit https://hr.unm.edu/retirement/supplemental-retirement-plans and click Retirement@Work
For more information about Voluntary Retirement Plans, please visit: https://hr.unm.edu/retirement/supplemental-retirement-plans
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