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Effective January 1, 2014, the maximum total annual contribution limit is $52,000.
The Elective Deferral limit and Catch-Up contributions limits for 2014 have not changed from 2013: they remain $17,500 and $5,500, respectively.
Because ordained ministers may receive part of their distributions after retirement as a tax-exempt clergy housing allowance, it is generally very advantageous for clergy of all denominations to maximize their retirement savings through their denominationally-sponsored plan.
Read also: Eligibility and Participation.
Employees must complete the Salary Reduction Agreement, see Forms below.
For calendar year 2014, employees may contribute up to $17,500 (plus $5,500 if they are eligible to make a Catch-Up Contribution).
If your Employer committed to Auto-Enrollment, ask them any questions you may have and review Auto-Enrollment and the Retirement Plan.
A Contribution Remittance Form must accompany all contributions sent to TIAA-CREF.
For more information contact ocsf @ uua.org.
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Last updated on Wednesday, November 27, 2013.
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