IRS announces increase in Oregon Savings Growth Plan's 2020 annual limits
If you are under age 50, your 2020 annual limit to contribute to OSGP is $19,500.
If you turn 50 on or before December 31, 2020, you may defer an additional $6,500, making your 2020 annual limit $26,000.
The 2020 annual limit for participants in the Special Three-Year Catch-up Provision is $39,000. If you are enrolled or interested in enrolling in this provision, please call the OSGP Salem office at 888-320-7377.
If you have questions or would like assistance changing your contribution amount, please log onto your OSGP account or contact the OSGP Customer Service Center at 800-365-8494.