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2008 Maximum Annual Contribution Limits for 457(b) Plans

The I.R.S. has announced the 2008 Maximum Annual Contribution Limits for 457(b) Plans.  There will be no change from the current limits of $15,500, or $20,500 for those who have reached age 50 as of December 31, 2008.  The Standard Catch-Up contribution limit remains at $15,500 for 2008, which allows for a total contribution of up to $31,000.