Nys Deferred Compensation Limit 2024 Increase

Nys Deferred Compensation Limit 2024 Increase. Employers’ average contribution rates will increase from 13.1% to 15.2% of payroll for the employees’ retirement system (ers) and from 27.8% to 31.2% of payroll. Increase in contribution limits for 457(b) plans:

If you are age 50 or older any time during 2024, you can contribute an additional $7,500 to either type of plan, for a maximum of $30,500 per year (for a combined deferral. Return to work for a public employer.