Office of Human Resources
Retirement Plans
Supplemental Retirement Plans
All employees, regardless of classification, can contribute towards a supplemental retirement plan through either TIAA or Nationwide Retirement Solutions. Below are the updated contribution limits for 2024.
2024 Contribution Limits for Supplemental Retirement Accounts
Click here for the 2024 contributions limit table.
Employees enrolled in a supplemental retirement account with TIAA (tiaa.org) or Nationwide Retirement Solutions (Marylanddc.com) may submit changes now to increase, decrease, or stop deductions in the new year. All transactions take approximately two pay periods to become effective.
New Employees - Pension & Optional Retirement Plan Enrollment
New employee membership applications for the pension system or optional retirement plan are due immediately upon hire so that contributions can begin timely with the first paycheck.
- Regular full-time faculty and professional/administrative staff must select EITHER the pension plan OR an optional retirement plan through TIAA or Fidelity. You cannot select both. Your selection is irrevocable, provided your position classification does not change.
- Regular full-time hourly (sometimes referred to as classified or non-exempt) employees become members of the Maryland State Retirement & Pension System as a condition of employment. Hourly employees cannot select an optional retirement plan.
Employees selecting the Maryland State Retirement & Pension Plan (either Teachers or Employees) are required to make a 7% mandatory bi-weekly contribution to the plan.
New employees indicate their retirement plan option in the new hire onboarding packet. New employees should submit their completed membership application, immediately upon hire, to the Benefits Team in the Tyler Hall building, Suite 505. A member of the benefits team can be reached at 443-885-3195 or by email at benefits@morgan.edu.
Planning to Retire in 2024?
If employees are interested in retirement in 2024, they can submit Form #9 - Service Retirement Estimate Form directly to the State of MD's Retirement Agency or open an account at this link and press the tab "mySRPS" login. A code to enter the portal will be sent to your home address so that you can establish an account. You will be able to download your projected estimates of monthly pension options and amounts for future retirement dates and secure a copy of your annual personal statement of benefits.
Pre-retirement planning events are currently being offered both as in-person seminars and as webinars. The same topics will be covered in both formats. Scroll down for locations, dates, and times, or click here for dates and times and to register. You will be directed to the Community College of Baltimore County website.
- Is a defined benefit plan that provides employees with retirement benefits, survivor benefits, and, in some instances, a lump-sum death benefit payment for the beneficiary.
- Employees become vested (eligible for contributions) after ten years of employment.
- Academic, executive and professional/administrative staff employees may enroll in either the defined benefit plan (basic retirement benefit plan) or one of the defined contribution plans (optional retirement benefit plans) available.
- The University contributes to the employees’ pension account on a twenty-six (26) pay schedule basis for the administrative staff personnel and a twenty (20) pay schedule basis for the faculty.
- Academic, executive and professional administrative staff employees may select one of the optional retirement benefit plans available: FIDELITY INVESTMENTS or TIAA/CREF.
- All optional retirement plans are non-contributory. The University contributes 7.25% to the employees’ pension account on a twenty (20) pay schedule basis.
- Employees are immediately vested and become eligible for contributions upon their enrollment. Your decision to select an optional retirement plan is irrevocable.
- All State employees, including contractual employees, are eligible to contribute to either the 401(k), 403(b) or 457(b) plans. Contributions are made on pre-tax dollars deducted from the employee’s salary.
- No taxes are paid on the contributions or earnings until the funds are withdrawn.
- Supplemental retirement accounts are available with TIAA/CREF and Nationwide Retirement Solutions (formerly PEBSCO).
- All State employees, including contractual employees, are eligible to participate in the deferred compensation plan with Nationwide Retirement Solutions. This plan allows you to defer both a portion of your income and the payment of taxes you would normally pay on that income until a later date.
- Types of investments generally include: mutual funds, common stock mutual funds, fixed annuities and growth stock funds.
- There is a minimal deferral deduction amount of $10.00 per month.
Approved Retirement Plan Options
Regular full-time faculty & professional/administrative staff (sometimes referred to as salaried or exempt employees)
Regular full-time hourly staff (sometimes referred to as non-exempt or classified employees)
If you have any questions, please feel free to contact benefits@morgan.edu.
Ready to retire? All faculty and staff retirements must be submitted here: Employee Separation Form
Pre-Retirement Planning
Pre-retirement planning events are currently being offered both as in-person seminars and as webinars. The same topics will be covered in both formats. To register, go to: http://www.ccbcmd.edu/ceed-preretirement-state
2024 Webinar Dates:
- January 24 (CRN 77174)
- February 22 (CRN 77178)
- March 21 (CRN 77187)
- April 11 (CRN 77193)
- May 9 (CRN 77199)
- May 21 (CRN 77201)
- June 4 (CRN 77204)
- June 21 (CRN 77208)
2024 Onsite Seminar Dates:
- January 23 - CCBC Essex (CRN 76958)
- February 15 - CCBC Owings Mills (CRN 76961)
- March 19 - Salisbury University (CRN 77181)
- March 28 - Sykesville Public Safety Training Center (CRN 77183)*Correctional Officers Only
- April 4 - Harford Community College (CRN 77188)
- April 16 - Anne Arundel Health Department (CRN 77190)
- May 7 - CCBC Essex (CRN 77195)*Law Enforcement Officers Only
- May 10 - Maryland School for the Deaf/Columbia Campus (CRN 77196)*ASL Provided
- June 6 - CCBC Catonsville (CRN 76963)
- June 14 - Hagerstown Community College (CRN 77202)
If any event needs to be canceled, participants will be contacted via the information provided when they register. Cancellations for in-person seminars are also reported on the Pre-Retirement Planning Status Update Phone Line 443.840.1000.
Pre-Retirement Planning resource manual.
Maryland State Pension Program Information:
- Pension (presentation)
How to register
- Register online. This links to the registration page and opens in a new window.
- Find your preferred seminar date and choose the "Select" option, next to the class.
- Choose "Register for Selected Courses."
- If you are not already logged in, you will be redirected to the login page.
- If you have previously attended a Pre-Retirement Seminar or other class at CCBC, log in using your current username and password.
Not sure what your username and password are? No problem, give us a call at 443.840.5059. - If this is your first Pre-Retirement Seminar, click the "New Account" button on the right-hand side of the screen.
- If you have previously attended a Pre-Retirement Seminar or other class at CCBC, log in using your current username and password.
- Fill out your information (anything in red is required information) and choose Submit.
- After you have Registered for your Seminar, choose "Finalize Selection" and print your confirmation.
- You will receive an email confirmation of your registration within three business days.
Changes to registration
To change an existing registration for a Pre-Retirement Seminar, call 443.840.5059. If you require any special accommodations while attending the seminar, please contact Sarah Moore at scullip@ccbcmd.edu.
Contact Information
Office of Human Resources
Morgan State University
Tyler Hall, Suite 505
1700 E. Cold Spring Lane
Baltimore, Maryland 21251
P: 443-885-3195
F: 443-885-1204
E: ohr@morgan.edu
Contact Information
Office of Human Resources
Morgan State University
Tyler Hall, Suite 505
1700 E. Cold Spring Lane
Baltimore, Maryland 21251
P: 443-885-3195
F: 443-885-1204
E: ohr@morgan.edu