Great news! The annual limit for employee contributions to 403(b) and 457 plans will increase for 2024.
The limit for employees under age 50 will increase to $23,000. If you are over age 50, you are eligible to do a "catch-up" contribution in the amount of $7,500 making your maximum contribution $30,500 for the year.
403(b) Plan
To change your current 403(b) pre-tax contributions please log into your 403(b)-annuity account at www.netbenefits.com/odu.
457 Plan
To increase your 457 contributions, please login to your 457 account or contact VRS Defined Contribution Plans at 1-877-327-5261.
Questions?
Questions can be directed to the Benefits Team at benefits@odu.edu