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BenefitsLink Message Boards > Retirement Plans > 403(b) Plans, Accounts or Annuities
AlanBEA
Since the IRS raised the 402(g) limits on 403(B) plans for qualified educational employees to 10,500 starting in 2000, does the special election under 402(g)(8) raise to 13,500? Yes seems to be the answer, yet I have been unable to find the number in any published tables? What about other special election limits?
Ellie Lowder
The 402(g)(8) increased elective deferral limit for employees of education, hospital, home health care, health & welfare agencies, and religious organizations is a maximum of $3,000 above the base limit. Yes, it will be $13,500 in 2000. The maximum limit under Option B stays at $15,000 - not sure what you mean in terms of the other special elections.
The 415© limit of $30k didn't change.
Carol V. Calhoun
For anyone who wants a complete list of the year 2000 limits, a chart is available by clicking here.
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