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Regular Employees & 12-Month Faculty Retirement

Find out about retirement options for regular status and 12-month collegiate faculty.

In this section, you will find all of the information you need to make an informed decision about your employee benefits options. On your first day of orientation, a benefits and retirement administrator will assist you with your questions and provide instructions for retirement enrollment.Ìý

Retirement Benefits Overview

UMGC 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, UMGC offers supplemental retirement annuity (SRA) plans through several providers. All employees are eligible to participate in an SRA.

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Mandatory Retirement Plan Enrollment Information

Enrollment in a retirement plan is mandatory for all regular employees and 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.)

Supplemental Retirement Annuity Information—All Employees

All UMGC employees are eligible to participate in Supplemental Retirement Accounts (SRAs) with one or more of the following SRA plans:

  • 403(b) – Pre-tax, post-tax, and Roth options
  • 457(b) – Pre-tax, post-tax, and Roth options
  • 401(k) – Pre-tax, post-tax, and Roth options

Approved Vendors for SRA Participation

  • (Stateside Employees Only)

2025 Contribution Limits

  • For the 2025 calendar year, employees may contribute up to $23,500 annually to their SRA accounts. Additional contributions are permitted for individuals who meet the following age-based criteria:
    • Employees aged 50 or older may contribute an additional $7,500
    • Employees aged 60 through 63 may contribute an additional $11,250 (special catch-up provision)

Maximum Contribution Limits (under age 50)

  • 403(b) or 401(k): $23,500
  • 457(b): $23,500
  • Total (if contributing to both plans): $47,000

Catch-Up Contribution Limits (for employees age 50 or older in 2025)

  • 403(b) or 401(k): $31,000
  • 457(b): $31,000
  • Total: $62,000

Super Catch-Up Contribution Limits (for employees aged 60–63 in 2025)

  • 403(b) or 401(k): $34,750
  • 457(b): $34,750
  • Total: $69,500

Questions?

Bring all questions regarding benefits and retirement enrollment with you on your first day.

New Hire Orientation Checklist

Make sure you're ready for your first day as a new employee.