IRS Retirement voluntary contribution limits increased for calendar year 2025.
· Under the age of 50 – $23,500
· Age of 50-60 and over age 64 – $31,000
· Age 60-63 – $34,750
To increase or make changes to your voluntary pension contributions please log into www.tiaa.org/clarkson. First time users will need to create a personal account. Once logged in you can view all account details, manage your contributions or update other profile information.
Click on the links below for more information:
· TIAA – Managing your Clarkson University Pension Plan made easy!
· TIAA – IRS Announces 2025 Plan Contributions and Benefit Limits
The 2025 annual combined allotted contributions for both mandatory and voluntary pension is:
· Under the age of 50 – $70,000
· Over the of age of 50 – $77,500
If you have any questions, please email clarksonhr@clarkson.edu.
Thank you,
Traci Giffin
Benefits Manager