Limit on 403(b) contributions?

From: agrawal@ra.anl.gov
Subject: Limit on 403(b) contributions?
Date: Fri, 24 Jul 1998 13:28:20 -0500

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I work for a non-profit organization & have a question about
retirement plan.
I have a mandatory contribution + employer matched contribution.
In addition I am allowed a supplemental voluntary (deductible)
contribution (SRA) which I'd like to max out.
My employer has a calculation (which is done every quarter)
& takes into account salary, my age, years of service and
amount already in SRA. There are 4 different formula & the
calculation which results in the minimum is contributed.

Are these specified by the IRS? I thought the IRS just had
something like 15% (or 25%) of Gross Income with max of $9500?
Can organizations have their own limits & formulae?

I am trying hard to Dollar Cost Average but this fluctuates 
from $200-800 / month!
In 1998, I may be allowed to contribute < $3000 whereas is 1997
I did > $9000. This is also a problem since my AGI will
be higher than planned & we may not be eligible to convert to 
Roth IRA this year :(

Is there anything I can do?

Rupal




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