Retirement Rules

403(b) Investment Rules

Congress has simplified and updated the retirement investment regulations, giving you the opportunity to invest more in retirement plans and allowing more flexibility within those plans. Changes include:

Contribution Limits

The maximum contribution limit for 2011 is $16,500 or 100% of taxable compensation, whichever is less. All future contribution limits will be adjusted for inflation.

Participants who are age 50 or older are eligible for an additional catch-up limit. The catch-up limit for 2011 is $5,500.

Portability

Participants are able to move their retirement investments between plans. Rollovers to and from 403(b), IRA and other qualified retirement plans are permitted. However, Roth IRA may not be rolled into Life Rewards.