The IRS announced the 2019 contribution limits for the voluntary retirement savings plans: Plan type Maximum employee contribution during CY 2019 401(k)/403(b) aggregate limit $19,000 457(b) $19,000 Catch-up contributions $ 6,000 (no change from 2018) (Age 50+) For more information on the voluntary supplemental retirement plans, please visit the retirement page of the OHR […]
Tag Archives | Employee benefits
Benefits Bulletin: Don’t miss the special open enrollment for term life and long-term disability insurance!
The University System of Maryland (USM) offers term life insurance and long-term disability insurance through UNUM. UNUM has extended a special open enrollment period to USM employees, which runs from February 1 – March 1. During this time employees can enroll in term life insurance (up to the guaranteed issue amounts) and long-term disability insurance […]
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