On October 23, 2014, the Internal Revenue Service announced its 2015 adjustments to contribution limits for 403(b) plans. Employees may contribute up to $18,000 to their 401(k) plans in 2015. For those age 50 and over, an increased “catch-up” contribution limit will mean $6,000 in additional allowable employee contributions. Those wishing to change their current retirement contribution amount to the 2015 maximum must complete a new voluntary salary reduction agreement, found on the HR website at http://tinyurl.com/nnxgwfd.