News & Updates
RIMSD #41 Staff News & Updates
403(b) Deferral Limit Changes for 2018
The maximum deferral limit for employees who participate in the 403(b) plan is increasing in tax year 2018.
The elective deferral maximum will now be $18,500, up from the previous $18,000. Employees 50 or older (or who attain age 50 during the 2018 calendar year) who wish to contribute to a catch-up contribution may also defer an additional $6,000. This limit did not change. The 403(b) deferral is calculated on a calendar year contribution (January-December).
If you wish to change your current 403(b) contribution, please contact Dawn Wolf at 309-793-5900 x203, or firstname.lastname@example.org
Mileage Rates for 2018
As of January 1, the IRS has updated it's mileage reimbursement rate to 0.545 cents per mile. Please use these forms for all mileage and travel that occurs on or after 1/1/18. For any mileage and travel that occurred in 2017, please continue to use the old forms with the rate of 0.535.
RIMSD #41 has an EAP (employee assistance program) available 365 days a year!
School District employees can attend five free counseling sessions by calling 1-309-779-2273. Sessions are private and confidential.