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.
But, by custom, the Senate handles the state budget. A legislator must live in the district he or she represents. Senators have to be at least 30 and have to live in New Jersey for at least four years before being elected. Members of the Assembly must be at least 21 and state residents for two years. There is also leadership within the political parties in both houses.