Catch-Up Contributions

The NSHE Supplemental 403(b) Plan and the State of Nevada Deferred Compensation Plan are voluntary retirement plans available to all NSHE employees.  These plans allow you to supplement your mandatory retirement contributions, helping you build a larger retirement nest egg.

You may choose to contribute either a percentage of your salary or a flat dollar amount, up to the maximum allowed by law. Contributions can be made on a pre-tax or post-tax (Roth) basis:

• Pre-tax contributions and any earnings are taxed when withdrawn.
• Post-tax (Roth) contributions and earnings are generally tax-free upon withdrawal, provided certain conditions are met.

To make changes to your retirement savings, refer to the Change Retirement Savings Job Aid.

NSHE employees may maximize their retirement savings by contributing the allowable maximum to both the NSHE Supplemental 403(b) Plan and the State of Nevada Deferred Compensation Plan at the same time.

Higher catch-up contribution limits for participants aged 60-63

For 2026 participants who are ages 60- 63 on December 31 are eligible for increased catch-up contributions in their supplemental retirement plans. These higher catch-up limits apply to the NSHE Supplemental 403(b), and the Nevada Deferred Compensation 457(b) plans, effective immediately.

For 2026, this higher catch-up contribution limit for participants aged 60-63 is $11,250.

To qualify for the higher catch-up contributions, participants must be aged 60, 61, 62, or 63 on December 31 of the calendar year.

• For 2026, the standard annual deferral limit is $24,500, and the 60-63 “super catch-up” contribution limit is $11,250.
• That means an active participant aged 60, 61, 62 or 63 on December 31, 2026, can contribute up to $35,750 this year.
• Note: Catch-up contributions are optional for eligible employees.

Important: Once a participant turns 64, they revert to the standard age 50+ catch-up contribution limit.

Age 50+ catch-up contribution limits 2026

Catch-up contributions for individuals aged 50 or older allow additional retirement savings beyond the standard limits. The increased limits are designed to help boost individual retirement savings, particularly if you started saving later or want to maximize your tax-advantaged contributions.

The provision applies to the NSHE Supplemental 403(b) Plan, and the State of Nevada Deferred Compensation 457 Plan.

This could help make up for years of inadequate savings or maximize your tax-advantaged retirement funds.

• For 2026, the standard annual deferral limit is $24,500, and the catch-up contribution limit for those age 50 and older is $8,000.
• This means an active participant 50 or older can contribute up to $32,500 this year.
• Note: Age 50+ catch-up contributions are optional for employees

Annual Maximum Supplemental Contributions by Age for 2026

To take advantage of these higher limits or to update your supplemental contributions, log-in to Workday and update your “retirement savings”.   For instructions on updating your retirement savings, please see the Change Retirement Savings Job Aid