01-P-026 Deferred Compensation Limit (Supersedes 98-p-014)
| DATE: | December 21, 2000 | ||
|---|---|---|---|
| SUBJECT: | Deferred Compensation Limit | ||
| EFFECTIVE DATE: | January 1, 2001 | ||
| CONTACT: | Janice Wolfley | (785) 296-3699 | (janice.wolfley@da.state.ks.us) |
| APPROVAL: |  |
||
| SUMMARY: | Deferred Compensation Limit increased to $8,500 | ||
Per the Internal Revenue Service Informational Release 2000-82, the annual deferred compensation limit under Section 457(b)(2) has increased from $8,000.00 to $8,500.00 effective January 1, 2001.
Aetna will notify all Deferred Compensation Plan Participants that are currently at the limit, giving them the opportunity to increase their contributions. Please inform employees in your agency of this change.
DB:JJM:rdb
