Savings and Retirement Plan Contribution Limits- 2023
The IRS has changed contribution limits for certain optional savings and retirement plans for 2023. Employees are encouraged to consider the benefits of participation to grow their retirement savings.
All MSUM employees are eligible for Plan 457(b)–the Deferred Compensation Plan through MSRS and the Plan 403(b)– the Tax Sheltered Annuity plan through TIAA.
Please note that some bargaining units are eligible for an employer match to the Deferred Compensation Plan.
For more information on the employer match for the Deferred Compensation Plan and to view the contribution limits for the 457(b)/403(b) plans, please visit: https://mn.gov/mmb/assets/20221109_tcm1059-547464.pdf.
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