403(b), 457 Contribution Limits

            403B, 457 Contribution LImits

                                                       Base Contribution Limits                        Age 50 or Older Catch-up 

            2010  and 2011                      16,500                                                            5,500

           2012                                         17,000                                                            5,500

For 403Bs there is also a 15 year Catch-up rule. An employee must have worked for the Meriden Public Schools full time for 15 years.   The catch-up  is based on the smallest of $3,000 or $15,000 minus any elective salary deferrals excluded under the catch-up election, or $5,000 times years of service minus any prior elective salary deferrals made to the plan.