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Memo regarding the IRS 415 restrictions in place during the 2021-2022 school year.
TRB Maximum Pensionable Salary and Maximum Voluntary Contribution
The Internal Revenue Code section 401(a)(17) maximum pensionable salary limit for the 2020-21 school year is $285,000 for individuals who became TRB member on or after January 1, 1993 and $425,000 for individuals who became TRB members prior to that date.