Employee Benefits

150 McArthur Hall

662 325-3713

Pension Plan Contribution Limits for 2007

PLAN

CONTRIBUTION LIMITS FOR 2007

Mississippi Deferred Compensation Plan and Trust

Section 457(b) of the Internal Revenue Code

 

The limit on salary reduction contributions to 457(b) plans increases from $15,000 to $15,500.

 

The limit on catch-up contributions that participants age 50 or over can make will remain at $5,000.

 

Web Site: Mississippi Deferred Compensation Plan and Trust, Contribution Limits

Tax-deferred Annuity

Section 403(b) of the Internal Revenue Code

The limit on salary reductions to 403(b) plans increases from $15,000 to $15,500.

The limit on catch-up contributions that participants age 50 or over can make will remain at $5,000.

Web Sites: IRS Announces Pension Plan Limitations for 2007, TIAA-CREF Pension Plan Limits Set for 2007

Last modified November 7, 2006

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