Publication 571 - Tax-Sheltered Annuity Plans (403(B) Plans) For Employees Of Public Schools And Certain Tax-Exempt Organizations Page 22

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If you are age 50 or older before the end of
The maximum amount of catch-up contribu-
the plan year, you may also be able to make
tions for 2002, is the lesser of
10.
additional catch-up contributions. These addi-
•
$1,000, or
tional contributions cannot be made with
•
after-tax employee contributions.
Your includible compensation minus your
You are eligible to make catch-up contribu-
actual deferrals for the year.
Catch-Up
tions if:
•
Catch-up contributions do not affect your
You have reached age 50 before the close
Contributions
MAC. Therefore, the maximum amount that you
of the plan year (see your plan administra-
are allowed to have contributed to your 403(b)
tor to determine the close of your plan
year), and
account is your MAC plus your allowable
The most that can be contributed to your 403(b)
•
catch-up contribution.
account after 2001 is the lesser of your limit on
The maximum amount of elective deferrals
You can use Worksheet H in chapter 13 to
annual additions or your limit on elective defer-
that can be made to your 403(b) account
rals.
have been made for the plan year.
figure your catch-up contributions.
Page 22
Chapter 10 Catch-Up ContributionsCatch-up contributionsContributions:Catch-up

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