Catch–up deferrals – A governmental 457(b) plan may allow age-50 catch-ups of an additional $6,500 in 2020 and 2021 ($6,000 in 2015 – 2019). … twice the annual 457(b) limit (in 2020, $19,500 x 2 = $39,000), or. the annual 457(b) limit, plus amounts allowed in prior years that you didn’t contribute.
Keeping this in view, what is pre retirement catch up provision 457?
The “Pre–Retirement” catch–up provision allows you to make additional contributions to your 457 plan in order to make up for years in which you did not contribute the maximum permissible amount. You may catch up for any year(s) that you were employed by your current employer going back to January 1, 1979.
In respect to this, what is the catch up limit for 2020?
$6,500