Use this calculator to help determine if you are eligible for the 457(b) 3-year Special Catch-Up election and if so, how much you can contribute to your employer’s 457(b) retirement plan in the current year. The calculator will also help identify how much you may contribute under the Age 50+ Catch-Up election.
Keep in mind that you cannot use both the 457(b) 3-Year Special Catch-Up election and the Age 50+ Catch-Up election during the same year. If you are a participant in a 457(b) plan sponsored by a tax-exempt, non-governmental employer, you are not eligible for the Age 50+ Catch-Up election. You may only elect the Special Catch-Up during the three consecutive years prior to—but not including—the year you reach your Plan’s normal retirement age.