UW Tax Sheltered Annuity 403(b) Program Update
The Internal Revenue Service has announced the 2012 contribution maximums for the Tax Sheltered Annuity Program.
For 2012 University of Wisconsin employees may contribute a maximum of $17,000 to the Tax-Sheltered Annuity 403(b) Program. Employees age 50 and over can contribute an additional $5,500 for a total of $22,500. If you have 15 years or more of service with the UW, you may have an additional “catch-up” opportunity. For more information, please see the announcement: pdf document on the 2012 limits, and the web page on TSA limits at http://www.uwsa.edu/hr/benefits/retsav/limits.htm.
Please contact Human Resources at email@example.com or ext. 2390 if you have any questions.