
All employees can contribute up to $23,500 to each of the voluntary plans, up from the 2024 limit of $23,000. Those age 50 and over can contribute an additional $7,500 catch-up contribution. And starting in 2025, those who will be between the ages of 60 and 63 in the 2025 calendar year, will be able to contribute $11,250 as their catch-up contribution instead of the $7,500. WSURP participants please note: If you are contributing at the 10% level, the employee 2.5% contribution…