Section 2700.435  Age 50 Catch-up Annual Deferral Contributions

A Participant who will attain age 50 or more by the end of the calendar year is permitted to elect an additional amount of Annual Deferrals, up to the maximum age 50 catch-up Annual Deferrals for the year.  The maximum dollar amount of age 50 catch-up Annual Deferral for a year is $5,500 for calendar year 2009, adjusted for cost-of-living after 2009 to the extent provided under the Code.

(Source:  Amended at 33 Ill. Reg. 13451, effective September 14, 2009)