Participants are permitted to contribute up to $16,500 for the year 2011; this limit rises to $17,000 in 2012. MCPS recommends that employees limit salary deferrals to no more than 75 percent of income to ensure other pre-tax deductions are taken prior to the 403(b) contribution. Additionally there is an Age 50 Catch provision.

Age 50 Catch-up Provision

Participants age 50 or older at any time during calendar year are eligible to contribute an additional $5,500 to their 403(b), raising their combined contribution amount to $22,000 for 2011, and $22,500 beginning in 2012.