IRS contribution limits The overall 401(k) contribution limit for calendar year 2014 will increase from $51,000 to $52,000. This overall limit includes employees’ pre-tax, after-tax or Roth contributions to the 401(k) Plan; TVA’s matching contributions to the 401(k) Plan; and employees’ after-tax contributions to the Fixed or Variable funds. The pre-tax contribution limit to the 401(k) plan will remain at $17,500, while the pre-tax catch-up limit for employees who are age 50 or older in 2014 will remain at $5,500. Note: Catch-up contributions do not count toward the overall contribution limit of $52,000. In addition, the interest rates for the Cash Balance Benefit Structure and the Fixed Fund remain at 6 percent for 2014. Retirement Estimates with New Actuarial Factors Now Available As announced earlier in TVA Today, the TVARS board in November adopted new actuarial assumptions. The new assumptions more accurately reflect the life expectancy of TVA employees and retirees. N