December 01, 2025
Supplemental retirement, deferred compensation plans updated
The Internal Revenue Service has increased the amounts individuals can contribute to their 403(b) and 457(b) accounts for 2026.
The basic limit increased from $23,500 to $24,500. Employees age 50 and older can elect to defer an additional $8,000 for the year, for a total maximum deferral of $32,500. The limits apply to both the 403(b) and 457(b) plans.
More detailed information can be found in the updated universal availability notice, or you can contact the Human Resource Employee Benefits office at 618-453-6668 or hrbenefits@siu.edu if you have any questions.