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Take advantage today

You are immediately eligible to participate in the 403(b) retirement plan.

Starting early has its advantages

Employee contributions

You may contribute as much as 100% of your annual includible compensation up to the maximum IRS contribution limit. 

2024 contribution limit

Your contribution limit for 2024 is $23,000.

Catch-up contributions

You might be eligible to contribute additional catch-up amounts if you meet the following conditions.

2024 catch - up contributions

> An additional $3,000 if you have 15 more years of service and have undercontributed in prior years, and 

> An additional $7,500 if you are age 50 or older.


You are always 100% vested in your own contributions.

Accessing your money 


Money can be withdrawn from your 403(b) plan in these events:

  • Attaining age 59½ (employee contributions only)
  • Retirement or separation from service (distributions where the employee retires or separates from service on or after age 55 are not subject to the 10% early withdrawal federal tax penalty)
  • Your death or total disability
  • Hardship withdrawals (employee contributions only)

In addition, the Internal Revenue Service (IRS) requires you to take Required Minimum Distribution (RMD) withdrawals from your retirement account(s) annually beginning the year you reach the RMD eligible age. RMD eligible age is:

  • Age 73 if you were born January 1, 1951, or later (The RMD eligible age will increase to age 75 after December 31, 2032)
  • Age 72 if you were born after June 30, 1949, and before January 1, 1951 (For individuals turning age 72 in 2023, no RMD payment is required in 2023)
  • Age 70 ½ if you were born before July 1, 1949.

Bear in mind that income taxes are payable upon withdrawal. Generally, an IRS 10% tax penalty will apply to withdrawals made before age 59½, unless an exception applies (such as you become disabled, die or retire after attaining age 55.)

Important considerations before deciding to move funds either into or out of a Corebridge Retirement Services account
There are many things to consider. For starters, you will want to carefully review and compare your existing account and the new account, including: fees and charges; guarantees and benefits; and, any limitations under either of the accounts. Also, you will want to know whether a surrender of your current account could result in charges. Your financial professional can help you review these and other important considerations. Consult a tax professional before making a decision to move funds either into or out of a Corebridge account.


Loans are not allowed from this plan.

RO 2767020 (3/2023)