Governmental 457(b) Application for Catch-Up The State ... - FASCore 2026

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  1. Click ‘Get Form’ to open it in the editor.
  2. Begin by filling out the Participant Information section. Enter your last name, first name, middle initial, address, social security number, email address, city, state, zip code, home phone, work phone, and date of birth.
  3. In the Catch-Up Election section, choose either Age 50 Catch-Up or Special §457 Catch-Up. Ensure you understand the eligibility requirements for each option before making your selection.
  4. If you select Age 50 Catch-Up, specify the annual amount you wish to elect (up to $5,500). If opting for Special §457 Catch-Up, designate your Normal Retirement Age (NRA) year and calculate your underutilized amounts using the provided worksheet.
  5. Complete the Calculation of Amount Deducted Each Payroll Period section by dividing your elected annual amount by the remaining pay periods.
  6. Sign and date the form in the Required Signature(s) and Date section. Ensure all information is accurate before submission.

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457(b) contribution limits for 2025 Individuals in governmental plans who are 50 or over for any part of the year might be eligible to make a catch-up contribution of up to $7,500, boosting their 2025 contribution limit to $31,000. Those in non-governmental plans dont have the age 50+ catch-up option.
Cons of 457(b) plans: Fewer investing options than 401(k)s (Not as common today) Only available to certain employees employed by state or local governments or qualifying nonprofits. Employer contributions count toward the annual limit. Non-governmental 457(b) plans are riskier.
The SECURE 2.0 Act, enacted in 2022, amended the Tax Code to require that employees aged 50 or older with prior-year FICA wages exceeding $145,000 (indexed for inflation) make catch-up contributions as after-tax Roth contributions for taxable years beginning after December 31, 2023.
457(b) plans of state and local governments may allow catch-up contributions for participants who are aged 50 or older.
Retirement topics - 457(b) contribution limits Increases to the general annual contribution limit: 457(b) plans of state and local governments may allow catch-up contributions for participants who are aged 50 or older.

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