For calendar year 2010, the IRS did not increase the maximum contribution amounts for 403 (b) retirement plans. The limit remains $16,500 for employees up to and including age 49; $22,000 for employees age 50 and older. Employees may make changes to retirement elections at any time throughout the year. Instructions for Banner Self-Service and additional information regarding 2010 retirement limits may be found on the HR Web site.