The Internal Revenue Service has announced that for the calendar year 2021, the 403b deferral maximum for employees under 50 will be maxed again at $19,500.

The Internal Revenue Service just announced that the calendar year 2021, the 403b deferral maximum for employees under 50 will be maxed again at $19,500. The 403b ‘catch up’ limit for 2021, again, is maxed at $6,500.00.  This means if you are eligible to use the ‘catch up’, you may set aside a total of $26,000.00 in calendar year 2021. if you are turning 50 in 2021, or are 50 and older in 2021, you may want to think taking advantage of the ‘catch up’ opportunity. 

To view your 403b deferral, or to change it, please log in to the OneAmerica Retirement site.

Click here to download a document explaining how to log in and set up a deferral.

— Eva Malvich, Benefits Manager