A 457(b) plan is a type of employer-sponsored, tax-advantaged retirement account available to all municipal and school staff.
You have a separate deferral limit if you’re also eligible to participate in a 457(b) plan. See 457(b) Plan Contribution Limits. It is not combined with your deferrals made to a 403(b) or other plans.
Elective Deferrals
In 2025, $23,500 for those under and $31,000 for those over 50 years old. There is also a special age based catch up for those 60-63 years old of $11,250. Please visit this link from Nationwide 457 which explains it: https://www.nrsforu.com/rsc-preauth/investing/irs-limits/
Catch-up Deferrals
A governmental 457(b) plan may allow age-50 catch-ups of an additional $7,500 in 2023.
You can read more about 457(b) plans here: IRC 457b Deferred Compensation Plans | Internal Revenue Service (irs.gov)