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