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foreign if you're one of the few state of Missouri employees who max out your contributions to the motor for comp 457 retirement Savings Plan it's time to celebrate because you can contribute and shelter more of your income in 2023 the IRS announced that contribution limits will increase from twenty thousand five hundred dollars in 2022 to 22 500 in 2023 that's almost a ten percent increase in a significant jump compared to previous years in addition participants age 50 and over contribute an extra seven thousand five hundred dollars for a total of thirty thousand dollars in 2023 to calculate your semi-monthly contribution for 2023 simply divide the contribution amount by 24 periods for example if you want to max out the annual twenty two thousand five hundred dollar limit next year you will need to contribute 937.50 every semi-monthly pay period in 2023. contribution changes need to be made in December of 2022 to go into effect the first pay period in January of 2023. if you have any...