457(b) Special Catch-Up Election Contribution Calculator

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Use this calculator to help determine if you are eligible for the 457(b) 3-year Special Catch-Up election and if so, how much you can contribute to your employer’s 457(b) retirement plan in the current year. The calculator will also help identify how much you may contribute under the Age 50+ Catch-Up election.

Keep in mind that you cannot use both the 457(b) 3-Year Special Catch-Up election and the Age 50+ Catch-Up election during the same year. If you are a participant in a 457(b) plan sponsored by a tax-exempt, non-governmental employer, you are not eligible for the Age 50+ Catch-Up election. You may only elect the Special Catch-Up during the three consecutive years prior to — but not including — the year you reach your Plan’s normal retirement age.

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457(b) Special Catch-Up Election Contribution Calculator Definitions

Date of birth: The date of birth is used to calculate your age.
Age: Your current age as of the date shown.
Normal retirement age: The normal retirement age specified by your employer's 457(b) retirement plan. The age typically ranges from 65 to 70 1/2 but could be earlier.
Normal retirement year: The year you reach normal retirement age. For example, if your birthday is 1/20/1950 and the normal retirement age is 70 1/2, the normal retirement year would be 2020. If your birthday is instead 12/20/1950, the normal retirement year would be 2021.
Current gross (before-tax) compensation: Your current gross compensation before taxes.
414(h) pick-up contributions: The percentage of your compensation that your employer contributed to your account as 414(h) pickup contributions. IRS Section 414(h) allows state or local government entities to treat certain contributions designated as employee contributions, but which are "picked up" (paid) by the employer, to be treated as employer contributions, and therefore are exempt from income tax. The compensation used to calculate the maximum 403(b) contribution is reduced by any 414(h) amount contributed by your employer.
Adjusted compensation (Compensation less 414(h) pick-up): The difference between gross (before-tax) compensation and 414(h) contributions for a given year.
Year of hire with current employer: The first year of employment with your current employer sponsoring the 457(b) plan.
Underutilized contributions: Underutilized contributions represent the difference between the maximum IRS 457(b) plan contribution for a given year and the amount you actually contributed in that year. If you know the total underutilized contributions for past years, enter the amount. Otherwise, you can itemize on a yearly basis.
Non-governmental plan: A 457(b) plan sponsor must be either a governmental entity (e.g., state, state agency), or a non-governmental entity exempt from income tax under IRC Section 501(c).
Gross (before-tax) compensation: Your total gross compensation for the year.
Deferrals to 401(k), SARSEP or SIMPLE: Other deferred compensation into other retirement accounts. This will reduce your total underutilized 457(b) amounts for years prior to 2002.
Contributions to 403(b): Contributions to your 403(b) account. This will reduce your total underutilized 457(b) amounts for years prior to 2002.
Contributions to 457(b): Contributions to 457(b) retirement accounts. This will reduce your total underutilized 457(b) amounts.