If you contribute to the King County Employees Deferred Compensation Plan, are over 50, and earned more than $150,000 in 2025, there are some changes that came into effect in 2026.

The pre-tax deferred compensation contributions for employees are capped as follows:

• $24,500 per year if you are age 49 or younger.

• $32,500 per year if you are age 50 to 59.

• $35,750 per year if you are age 60 to 63.

Additional “catch-up” contributions to your plan above $24,500 (i.e. $8,000 for ages 50-59 or $11,250 for ages 60 to 63) are made as Roth contributions—meaning they are taken out of your pay post-tax.

No action is required, but any pre-tax catch-up contributions beyond the standard limit may automatically switch to Roth.

Questions?

If you would like to change the amount you contribute to your Deferred Compensation Plan, or have any questions about this change, please contact T. Rowe Price at 888-457-5770. You can also make changes by logging in to your account at T. Rowe Price.