Stay informed about the latest Ohio DC employer news. Find information about contribution limits, newsletters, and retirement planning for your employees.
IRS Announces Increases to Contribution Limits for 2022
The Internal Revenue Service recently announced increases to employee annual contribution limits for 2022. Each year, the IRS sets limits on the amount of wages that employees can contribute. These limits are tied to inflation statistics, which are recalculated each fall for the following calendar year. To learn more about the IRS announcement regarding contribution limits for next year so you can provide them to your staff, visit here.
Sick and Vacation Leave Cash-Out Deferrals
Many employers allow their staff to cash out unused sick leave and vacation time, either periodically or when they retire. If you're one of those employers, encourage your staff to invest that money in their future. If you would like to help your staff learn how to invest their unused leave with Ohio DC, you can send them here.
Ohio DC Related Information for Your Employees
Ohio DC provides monthly information on finance-related issues for your employee newsletters or Intranet. This month, we would like to provide you with the link to the latest edition of our semi-annual Retiree newsletter: Rewards Newsletter.
You can download articles on health care in retirement, understanding deferred compensation, fees, and more. Learn more.
If you received this email you are on the list for future employer communications. If this was forwarded to you, you can join our list by contacting us.
Message from the Executive Director
Christina Elliott
Executive Director
Don't Forget to Turn in Your Employer Survey
If you haven’t turned in your employer survey that we sent out in September, please do so as soon as possible. Any changes you submit on the surveys are being processed and should be reflected in your employer accounts by the end of November. Email responses to employersurvey@ohiodc.orgfax to 614-728-2601, or mail to our office address. Thanks to everyone for responding.
If there is anything you would like to learn more about in regard to our tools, resources, or Enrich Financial Wellness Program you can visit Ohio457.org, callyour local Account Executive, or scheduling an appointment by clicking on your local Account Executive's name on the Schedule a Call with an Account Executive page.
