457(b) Deferred Compensation Deferral Limits for 2008

We have just received the information regarding the 2008 457(b) deferred comp deferral limits.   There will be no change from the 2007 limits.

Therefore, the 2008 limits are as follows:

Normal limit (for all those under age 50): $15,500 ($596.15/biweekly)
Age 50+ Catch up limit (for all those who have already reached their 50th birthday or will turn 50 before the end of 2008): $20,500 ($788.46/biweekly)

3-Year Special Catch up limit: $31,000

If you have any questions, please contact the Human Resource Administrator at 781-821-2936