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<br /> CITY OF LOS ANGELES QUARTERLY NEWSLETTER JANUARY 2017<br /> CITY OF<br /> DEFERRED COMPENSATION PLAN<br /> Los Angeles<br /> Planning Ahead with 2017 Contribution Limits PLANNING AHEAD WITH 2017<br /> See What’s Inside:<br /> Each year, the Internal Revenue Service (IRS) sets a maximum calendar-year limit for how much<br /> retirement plan participants can contribute to their accounts. In addition to the regular annual<br /> contribution limit, the IRS allows for additional contributions in the year you turn age 50 and when you<br /> are within three years of your normal retirement age. For 2017, the limits for the City of Los Angeles<br /> Deferred Compensation Plan are as follows:<br /> Contribution Limit (Under Age 50) $18,000<br /> Age 50 or Older Catch-Up $24,000<br /> Special Three-Year Catch-Up $36,000<br /> Note: If you are eligible for both the Age 50+ Catch-Up and Special 457 Catch-Up, you may not take<br /> advantage of both in the sa<a title="CiLA_Newsletter_4Q16_FINAL page 1" href="http://viewer.zmags.com/publication/9974d46b?page=1"> CITY OF LOS ANGELES QUARTERLY NEWSLETTER JANUARY </a> <a title="CiLA_Newsletter_4Q16_FINAL page 2" href="http://viewer.zmags.com/publication/9974d46b?page=2"> City of Los Angeles Deferred Compensation Plan IN</a> <a title="CiLA_Newsletter_4Q16_FINAL page 3" href="http://viewer.zmags.com/publication/9974d46b?page=3"> City of Los Angeles Deferred Compensation Plan B</a> <a title="CiLA_Newsletter_4Q16_FINAL page 4" href="http://viewer.zmags.com/publication/9974d46b?page=4"> Have Questions? Need Information? For informat</a>