{"id":32370,"date":"2025-07-07T10:50:42","date_gmt":"2025-07-07T17:50:42","guid":{"rendered":"https:\/\/nshe.nevada.edu\/system-administration\/?page_id=32370"},"modified":"2026-03-02T10:08:24","modified_gmt":"2026-03-02T18:08:24","slug":"catch-up-contributions","status":"publish","type":"page","link":"https:\/\/nshe.nevada.edu\/system-administration\/departments\/finance\/retirement\/catch-up-contributions\/","title":{"rendered":"Annual Contribution Rates"},"content":{"rendered":"\n    <div id=\"\" class=\"card-standard content-box default-shadow   \">\n        <div class=\"content-box-header\">\n            <div class=\"columns\">\n                <div class=\"column\">\n                    <h2>Retirement Contributions<\/h2>\n                <\/div>\n            <\/div>\n        <\/div>\n        <div class=\"institution-border\">\n            <svg class=\"border-block csn\"><rect  \/><\/svg>\n            <svg class=\"border-block dri\"><rect  \/><\/svg>\n            <svg class=\"border-block gbc\"><rect  \/><\/svg>\n            <svg class=\"border-block nsc\"><rect  \/><\/svg>\n            <svg class=\"border-block tmcc\"><rect  \/><\/svg>\n            <svg class=\"border-block unlv\"><rect  \/><\/svg>\n            <svg class=\"border-block unr\"><rect  \/><\/svg>\n            <svg class=\"border-block wnc\"><rect  \/><\/svg>\n        <\/div>\n        <div class=\"content-box-body\">\n            \n<div>\n<p>The <a href=\"https:\/\/nshe.nevada.edu\/system-administration\/departments\/finance\/retirement\/supplemental-403b-plan\/\">NSHE Supplemental 403(b) Plan<\/a> and the <a href=\"https:\/\/defcomp.nv.gov\/uploadedFiles\/defcompnvgov\/content\/Resources\/FICA_Alternative_Program_Summary.pdf\">State of Nevada Deferred Compensation Plan<\/a> are voluntary retirement plans available to all NSHE employees.&nbsp; These plans allow you to supplement your mandatory retirement contributions, helping you build a larger retirement nest egg.<\/p>\n\n\n\n<p>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:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Pre-tax contributions<\/strong> and any earnings are taxed when withdrawn.<\/li>\n\n\n\n<li><strong>Post-tax (Roth) contributions<\/strong> and earnings are generally tax-free upon withdrawal, provided certain conditions are met.<\/li>\n<\/ul>\n\n\n\n<p>To make changes to your retirement savings, refer to the <a href=\"https:\/\/workdaydocs.nshe.nevada.edu\/knowledge-base\/change-retirement-savings\/#change-retirement-savings\"><strong>Change Retirement Savings Job Aid<\/strong><\/a>.<\/p>\n\n\n\n<p>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.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Higher catch-up contribution limits for participants aged 60-63<\/strong><\/h3>\n\n\n\n<p>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.<\/p>\n\n\n\n<p>For 2026, this higher catch-up contribution limit for participants aged 60-63 is <strong>$11,250<\/strong>.<\/p>\n\n\n\n<p>To qualify for the higher catch-up contributions, participants must be aged 60, 61, 62, or 63 on <strong>December 31<\/strong> of the calendar year.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>For 2026, the standard annual deferral limit is <strong>$24,500<\/strong>, and the 60-63 \u201csuper catch-up\u201d contribution limit is <strong>$11,250<\/strong>.<\/li>\n\n\n\n<li>That means an active participant aged 60, 61, 62 or 63 on December 31, 2026, can contribute up to <strong>$35,750<\/strong> this year.<\/li>\n\n\n\n<li>Note: Catch-up contributions are optional for eligible employees.<\/li>\n<\/ul>\n\n\n\n<p>Important: Once a participant turns 64, they revert to the standard age 50+ catch-up contribution limit.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Age 50+ catch-up contribution limits 202<\/strong>6<\/h3>\n\n\n\n<p>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.<\/p>\n\n\n\n<p>The provision applies to the NSHE Supplemental 403(b) Plan, and the State of Nevada Deferred Compensation 457 Plan.<\/p>\n\n\n\n<p>This could help make up for years of inadequate savings or maximize your tax-advantaged retirement funds.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>For 2026, the standard annual deferral limit is <strong>$24,500<\/strong>, and the catch-up contribution limit for those age 50 and older is <strong>$8,000<\/strong>.<\/li>\n\n\n\n<li>This means an active participant 50 or older can contribute up to <strong>$32,500<\/strong> this year.<\/li>\n\n\n\n<li>Note: Age 50+ catch-up contributions are optional for employees<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Annual Maximum Supplemental Contributions by Age for 202<\/strong>6<\/h3>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>Annual Supplemental Contributions by Age Calendar Year 2026<\/th><th>Total Maximum Supplemental Retirement Contribution for 2026<\/th><\/tr><\/thead><tbody><tr><td>Employee contributions \u2013 All employees<\/td><td>$24,500<\/td><\/tr><tr><td>Individuals 50 &#8211; 59 years of age on December 31, 2026<\/td><td>$32,500<\/td><\/tr><tr><td>Increased \u201ccatch-up\u201d contribution for individuals aged 60, 61, 62, and 63 on December 31, 2026<\/td><td>$35,750<\/td><\/tr><tr><td>Individuals aged 64 and older on December 31, 2026<\/td><td>$32,500<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"note\"><strong>To take advantage of these higher limits or to update your supplemental contributions, log-in to Workday and update your \u201cretirement savings\u201d.&nbsp;&nbsp; For instructions on updating your retirement savings, please see the <\/strong><a href=\"https:\/\/workdaydocs.nshe.nevada.edu\/knowledge-base\/change-retirement-savings\/#change-retirement-savings\"><strong>Change Retirement Savings Job Aid<\/strong><\/a><\/p>\n<\/div>\n        <\/div>\n    <\/div>\n\n    ","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":0,"parent":637,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"views\/template-1-widget-custom.blade.php","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[],"folder":[24],"class_list":["post-32370","page","type-page","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/nshe.nevada.edu\/system-administration\/wp-json\/wp\/v2\/pages\/32370","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nshe.nevada.edu\/system-administration\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/nshe.nevada.edu\/system-administration\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/nshe.nevada.edu\/system-administration\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nshe.nevada.edu\/system-administration\/wp-json\/wp\/v2\/comments?post=32370"}],"version-history":[{"count":6,"href":"https:\/\/nshe.nevada.edu\/system-administration\/wp-json\/wp\/v2\/pages\/32370\/revisions"}],"predecessor-version":[{"id":33386,"href":"https:\/\/nshe.nevada.edu\/system-administration\/wp-json\/wp\/v2\/pages\/32370\/revisions\/33386"}],"up":[{"embeddable":true,"href":"https:\/\/nshe.nevada.edu\/system-administration\/wp-json\/wp\/v2\/pages\/637"}],"wp:attachment":[{"href":"https:\/\/nshe.nevada.edu\/system-administration\/wp-json\/wp\/v2\/media?parent=32370"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nshe.nevada.edu\/system-administration\/wp-json\/wp\/v2\/categories?post=32370"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nshe.nevada.edu\/system-administration\/wp-json\/wp\/v2\/tags?post=32370"},{"taxonomy":"folder","embeddable":true,"href":"https:\/\/nshe.nevada.edu\/system-administration\/wp-json\/wp\/v2\/folder?post=32370"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}