Q2: Ben Reynolds, age 53 in 2015, is planning for retirement at normal retirement age of 65 from the Salt Lake City coroners office, which has a 457(b) plan. Ben has an unused deferral amount of $25,000. Ben has compensation of $128,000 per year as a mortician/autopsy specialist. What is the maximum amount he can defer in 2015 in the 457(b) plan?

Q3: Dr. Means has taught financial planning at FAU for the last 15 years and is expected to retire next year at age 65. FAU sponsors a 403(b) plan and a 457(b) governmental plan. She had been contributing $10,000 every year to each of the 403(b) plan and a 457(b). Her salary is 120,000. How much can she contribute to her 403(b) plan? How much can she contribute to her 457(b) plan?