2024 403(b) Retirement Plan IRS Contribution Limit Increase

The 403(b) retirement plan employee contribution limit will be increasing in 2024. The new 2024 IRS annual contribution limits are $23,000 for employees under the age of 50 and $30,500 for employees age 50+ (including those turning 50 in 2024).

To adjust your 403(b) contribution amount in Workday at any time throughout the year, go to Menu > Benefits > Change > Retirement Savings.

As a reminder, to adjust your investment options or to change your retirement plan beneficiaries, please go to www.tiaa.org/fairfield or call TIAA at 800-842-2252.

Related Web Site : https://www.tiaa.org/fairfield

For more information, contact Blythe Josovitz, Director, Benefits & Compensation / x.2995 / bjosovitz@fairfield.edu