Find out about retirement options for contingent II employees.
In this section, you will find all of the information you need to make an informed decision about your employee retirement options. Please Note: Contingent II employees are not eligible for enrollment in State of Maryland Pension or Optional Retirement Programs.
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. These plans are open to all employees.
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
- Fidelity
- TIAA
- MSRP Empower (Stateside Employees Only)
2026 Contribution Limits
For the 2026 calendar year, employees may contribute up to $24,500 annually to their SRA accounts. Please review our 2026 Contribution Limits worksheet.
Additional contributions are permitted for individuals who meet the following age-based criteria:
- Employees aged 50 or older may contribute an additional $8,000
- 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): $24,500
- 457(b): $24,500
- Total (if contributing to both plans): $49,000
Catch-Up Contribution Limits (for employees age 50 or older in 2025)
- 403(b) or 401(k): $32,500
- 457(b): $32,500
- Total: $65,000
Super Catch-Up Contribution Limits (for employees aged 60–63 in 2025)
- 403(b) or 401(k): $35,750
- 457(b): $35,750
- Total: $71,500
Beginning in 2026, employees aged 50 or older with annual earnings of $150,000 or more in 2025 must make excess contributions into a Roth (after-tax) account. This is a federal requirement for 403(b), 401(k), 457(b), and similar accounts.
Questions?
Bring all questions regarding benefits and retirement enrollment with you on your first day.