From Washington State DRS <[email protected]>
Subject More DCP savings in 2025
Date December 3, 2024 8:03 PM
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The IRS limits have increased for retirement savings programs like Washington’s Deferred Compensation Program (DCP).





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More DCP savings in 2025

The IRS limits have increased for retirement savings programs like Washington’s Deferred Compensation Program (DCP).

*Beginning Jan. 1, 2025, you can contribute up to $23,500 per year.*

*If you’re 50 or older,* *you can contribute up to $31,000 per year.*

These limits apply to DCP Roth and pretax contributions. That means whether you contribute to Roth, pretax, or both DCP options, it’s a combined total. 

*Read more* [ [link removed] ]


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