Are you contributing to a supplemental retirement and investment plan?
- If not, now may be a good time to enroll and start contributing.
- If you are, consider increasing your payroll contribution, or reviewing your retirement goals, and updating your beneficiaries.
Two supplemental retirement plans are available to increase your retirement savings. Enrollment is voluntary and available at any time.
Contribution Limits
The 2016 contribution limit is $18,000 ($24,000 if you are age 50 or over) for each plan. You may contribute both traditional (pre-tax) and Roth (after-tax) at the same time, but your combined contributions cannot exceed the limit listed above for each plan. You may contribute to these plans simultaneously and you may be eligible to make additional contributions in some cases. See the Supplemental Retirement Plan Comparison Chart for more information.
Questions?
View the Retirement & Investment Plans in NESSIE or contact University Payroll and Benefits (UPB).
