The catch-up contribution limit for employees aged 50 and over who participate in 401(k), 403(b), most 457 plans, and the federal governmentâs Thrift Savings Plan remains unchanged at $6,000. The limit on annual contributions to an Individual Retirement Arrangement (IRA) remains unchanged at $5,500.
The Delaware Senate is the upper house of the Delaware General Assembly, the state legislature of the US state of Delaware. It is composed of 21 Senators, each of whom is elected to a four-year term, except when reapportionment occurs, at which time Senators may be elected to a two-year term. There is no limit to the number of terms that a Senator may serve.
Rep. Mick Mulvaney (R-S.C.) filed a bill on Tuesday that would amend the Constitution and impose term limits on members of Congress. The measure would call for a maximum of 24 years of service for lawmakers, with 12 years each in both the House and Senate.