2022 earnable compensation and contribution limits For 2022, the IRS has changed the annual earnable compensation and contribution limits used to calculate benefits payable to members of tax-qualified plans like TRSL. Limits for calendar year 2022: Members who joined TRSL before July 1, 1996: Compensation limit will increase to $450,000. Members who joined TRSL on or after July 1, 1996: Compensation limit will increase to $305,000. Optional Retirement Plan (ORP) participants: Contribution limit will increase to $61,000 (includes both employer and employee contributions to ORP carrier). A few things to remember: Cash housing allowances are considered earnable compensation and are included in the compensation limits. Earnable compensation also includes any payments made to 401(k), 403(b), or 457 accounts by the employer on behalf on an employee. If contributions are made on earnings in excess of the compensation or contribution limits, TRSL will credit the employer account with applicable contributions. (It is the employer's responsibility to refund the employee contributions to the member.) Questions about compensation limits? Contact Karla Henderson at 225-925-6446, ext. 6462, or toll free (outside Baton Rouge) at 1-877-275-8775, ext. 6462.

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