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There’s no capture-up contribution for your SEP IRA like there is for a 401(k). It's because the catch-up contribution is really an personnel contribution and SEP IRAs are funded exclusively by employer contributions.

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The President may well pay back a cash award in the amount of $20,000 to any staff whose disclosure of fraud, waste, or mismanagement has resulted in significant Charge price savings for get more info The federal government. In analyzing the importance of a value discounts disclosure created by an personnel for reasons of pinpointing regardless of whether to produce an award to this sort of staff underneath this part, the President may well keep in mind Price savings projected for subsequent fiscal yrs which is able to be attributable on the disclosure. In the course of any fiscal year, the President may well not make more than fifty awards under this area.

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(d) The previous provisions of the area shall be applicable with respect to any worker to whom subchapter III of chapter fifty three applies, and to any class of personnel delivered for underneath subsection (e).

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