The Internal Revenue Service has increased the 2009 Maximum Annual Contribution (MAC) limit for retirement plans. That means the MAC limit for the UC Retirement Savings Program's 403(b) Plan and/or 457(b) Plan has increased to $16,500 per plan.

For employees who are age 50 as of December 31, 2009, the limit is $22,000. In addition, some employees may be eligible to make additional contributions under the lifetime catch-up provisions of the plans.

Employees who wish to maximize their contributions to each plan may want to increase contributions for 2009 based on these contribution limits. Call Fidelity Retirement Services (1-866-682-7787) for details.