step2

Retirement Enrollment Information: Regular Status Employees and 12-Month Collegiate Faculty

In this section, you will find all the information you need to make an informed decision about your employee retirement options. Bring your completed retirement forms and all specified information with you on your first day of orientation. Please complete all forms in black ink.

Review the New Employee Orientation Presentation

Retirement Benefits Overview

UMUC retirement plans are based upon exemption status and employment classification, and for certain segments of our workforce, programs and participation are mandatory under state law. In addition to these state-mandated programs, UMUC offers supplemental retirement annuity (SRA) plans through several providers. All employees are eligible to participate in an SRA.

Mandatory Retirement Plan Enrollment Information

Enrollment in a retirement plan is mandatory for non-exempt and exempt regular status employees and all 12-month collegiate faculty. For information about the programs that are available to you, select your employment status below. (Please refer to your appointment letter for employee status information.)

Non-Exempt Employees

Non-exempt employees must enroll in the Modified Employees Pension System. You must also have the appropriate enrollment forms (Application for Membership and Designation of Beneficiary Form) completed and ready to hand in on your first day. Because the state forms require a notary, do not sign the forms until you are in the presence of a human resources representative.

Exempt Employees

Exempt employees may enroll in either the Modified Employees Pension System or the Optional Retirement Plan (ORP) offered through one of two providers: Fidelity Investments or TIAA-CREF. Your retirement selection must be made on your first day. You must also have the appropriate enrollment forms (as indicated below) completed and ready to hand in on your first day. Because the state forms require a notary, do not sign the forms until you are in the presence of a human resources representative.

Modified Employees Pension System

Optional Retirement Plan

12-Month Collegiate Faculty

12-month faculty may choose either the Teacher Pension System or the Optional Retirement Plan (ORP) offered through one of two providers: Fidelity Investments or TIAA-CREF. Your retirement selection must be made on your first day. You must also have the appropriate enrollment forms (as indicated below) completed and ready to hand in on your first day. Because the state forms require a notary, do not sign the forms until you are in the presence of a human resources representative.

Teacher Pension System

Optional Retirement Plan

Supplemental Retirement Annuity Information—All Employees

All employees are eligible to participate in any of the supplemental retirement annuity (SRA) plans offered by the following providers: Fidelity Investments, TIAA-CREF and Maryland Supplemental Retirement Plans (MSRP) - Nationwide. Participation in an SRA is voluntary, and you may enroll at any time. The plans offered are: 403b, 457b, and 401k.

Contributions to your SRA are deducted from your salary on a pre-tax basis and may be changed at any time during the year.  

To enroll in Fidelity Investments and/or TIAA-CREF, complete the appropriate USM Salary Reduction Agreement and Deduction Authorization Form for the vendor and plan of your choice (see below). Once your account is established, you will be placed in an age-appropriate Life Cycle Fund. The vendor will then mail you a welcome packet with contract information and instructions on reallocating your funds. For MSRP-Nationwide, you may allocate your funds upon enrollment.

SRA Plan Comparison Chart

2013 Contribution Limits

Vendor Information and Enrollment Forms