Catch-Up Limits
For Employees Nearing Retirement
The plan also allows for additional contributions for employees closer to retirement age. If you are within three years of normal retirement age, you may be eligible to “catch up” by investing up to double the amounts shown above. Employees over age 50 may invest additional amounts as shown in the following chart. These additional amounts do not apply if you are investing at the catch-up level.
| Year | Additional Catch-Up Amounts |
|---|---|
| 2008 | $5,000 |
| 2009 | Amount to be determined by the IRS at a later date |