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2025 Pension "super catch-up"

in Payroll and Global Payroll Interface (GPI) 1 comment

Summary:

Starting January 1, 2025, individuals ages 60 through 63 years old will be able to make catch-up contributions up to $10,000 annually to the 403b/401k plan, and that amount will be indexed to inflation. (The catch-up amount for people age 50 and older in 2023 is currently $7,500). Is there any update Oracle is providing for this?

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