SSP Contribution Limits

457(b) Contribution Limit

The lesser of the limitation on vested contributions to 457(b)plans under IRC Section 457(e)(15) or 100% of includible compensation. The total of TRS SSP Employee contribution categories 03 (SSP Pretax) and 06 (SSP Roth) and Employer contribution categories 09 (SSP Pretax Employer Match) and 10 (SSP Pretax Employer Non-Elective) cannot exceed this limit.

Age-based Catch-up Limits

Age-based Catch-up is available under IRC Section 414(v) for individuals at least 50 years old in the applicable calendar year. The total of TRS SSP contribution categories 04 (SSP Pretax Catch-up) and 07 (SSP Roth Catch-up) cannot exceed the limit.

Age 50 – 59 and 64+

Additional contribution limit for members aged 50 – 59 and 64+ to be eligible to make this catch-up contribution for the entire calendar year.

Age 60 – 63

Additional contribution limit for members aged 60 – 63 on the last day of the calendar year (12/31/XX) to be eligible to make this catch-up contribution for the entire calendar year.

Note: Effective January 1, 2025, SECURE 2.0 introduced a higher catch-up contribution limit for employees aged 60-63.

Special Catch-up Limit

The special catch-up election for employees participating in an eligible 457(b) deferred compensation who have elected the special catch-up available in the three years prior to the year of normal retirement age. The total of TRS SSP codes 05 (SSP Pretax Special Catch-up) and 08 (SSP Roth Special Catch-up) cannot exceed this limit.

Note: The participant in a governmental 457(b) plan may make catch-up contributions in a year equal to the greater of (a) the amount permitted under the Age 50 – 59 and 64+ catch-up, (b) Age 60 – 63 catch-up, or (c) the amount permitted under the 457 Special Catch-up.