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<p class="MsoNormal">Payroll professionals,<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">The following is being forwarded on behalf of OSGP.<o:p></o:p></p>
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<p class="MsoNormal"><span style="font-size:16.0pt;font-family:"Times New Roman",serif">If you have an employee who is currently contributing and plans on terminating or retiring at the end of the year (12/31/2019) please be aware that this could result in
the employee exceeding the 2019 annual limit.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:16.0pt;font-family:"Times New Roman",serif"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:16.0pt;font-family:"Times New Roman",serif">If you have an employee who meets this scenario, please notify the OSGP Program Coordinator (Kathy Gannon) directly
<a href="mailto:kathleen.m.gannon@pers.state.or.us">kathleen.m.gannon@pers.state.or.us</a><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:16.0pt;font-family:"Times New Roman",serif"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:16.0pt;font-family:"Times New Roman",serif">Also, the annual contribution limits have increased for 2020.<o:p></o:p></span></p>
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<![if !supportLists]><span style="font-size:16.0pt;line-height:115%;font-family:Symbol;color:#333333"><span style="mso-list:Ignore">·<span style="font:7.0pt "Times New Roman"">
</span></span></span><![endif]><span style="font-size:16.0pt;line-height:115%;font-family:"Times New Roman",serif;color:#333333">If the employee is below age 50 their annual contribution limit is $19,500.<o:p></o:p></span></p>
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<![if !supportLists]><span style="font-size:16.0pt;line-height:115%;font-family:Symbol;color:#333333"><span style="mso-list:Ignore">·<span style="font:7.0pt "Times New Roman"">
</span></span></span><![endif]><span style="font-size:16.0pt;line-height:115%;font-family:"Times New Roman",serif;color:#333333">If they turn 50 on or before December 31, 2020, they may contribute an additional $6,500 making their contribution limit $26,000.<o:p></o:p></span></p>
<p class="MsoNormal">Kathleen Gannon<o:p></o:p></p>
<p class="MsoNormal">OSGP Program Coordinator<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Email – <a href="mailto:osgpcustsvc.pers@state.or.us">osgpcustsvc.pers@state.or.us</a><o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
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<span style="font-size:16.0pt;line-height:115%;font-family:"Times New Roman",serif;color:#333333"><o:p> </o:p></span></p>
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