ICMA-RC 457 Deferred Compensation Plan & Payroll Roth IRA
By: Kathy Vosmus

11/22/2011 - 457 and Payroll Roth IRA contribution limits announced for 2012.

457 plan contribution limitations for 2012 are as follows:

Annual Deferral Limit $17,000
Age 50 Catch-Up Limit $ 5,500
Pre-Retirement Catch-Up Limit $17,000

Payroll Roth IRA limitations for 2012 remain as follows:

Annual Contribution Limit $ 5,000
Age 50 Catch-Up Limit $ 1,000

Participant Agreement forms with accompanying Plan Highlights document available upon request by contacting your principal administrative officer/payroll clerk, Human Resources at 874-8624 or visiting the City of Portland's website www.portlandmaine.gov

Select: Departments→Human Resources→Benefits→Deferred Comp→457 Participant Agreement Form