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- Retirees can receive monthly 403(b)(9) contributions for up to five (5) years concluding on the earlier of the participant’s death or December 31 of the year of the fifth (5th) anniversary of the retirement date.
- Example: Employee retires on June 30, 2025 the contributions will conclude December 31, 2030.
- Monthly contributions are up to 80% of the retirees retiree's immediate prior 12 months of includible compensation prior to retirement. Includible compensation are wages found in Box 1 of the W-2 form, plus any employee pre-tax deferrals reported in Box 12 with code E. This means that parsonage is not includible income for the purpose of calculating the previous 12 months of compensation.
- Annual contributions are not to exceed the annual IRC 415(c) limit, which is $72,000 in 2026.
- All contributions are subject to fund availability. Contributions cannot take account balances into arrears.
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