Retirement Plans

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 contributions can begin timely with the first paycheck.

1. 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 choose both.  Your selection is irrevocable, provided your position classification does not change.
2. 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) must 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 to the Benefits Team in the Tyler Hall building, Suite 505, immediately upon hire.  A member of the benefits team can be reached at 443-885-3195 or by email at benefits@morgan.edu.

Supplemental Retirement Plans

Regardless of classification, all employees can contribute towards a supplemental retirement plan through either TIAA or Nationwide Retirement Solutions.  Below are the updated contribution limits for 2025.

2025 Contribution Limits for Supplemental Retirement Accounts

Click here for the 2025 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.

• Use this form to enroll in the TIAA supplemental plan: TIAA 403b Deduction Form - Enrollment

• Use this form to make changes to an existing TIAA supplemental deferral: TIAA 403b Deduction Form - Changes

• Enroll or make changes to your deduction for the Nationwide Retirement account here.

Planning to Retire in 2025?

Turning age 65? Click here for information regarding Medicare and your employee health benefits as you continue working past 65.

If employees are interested in retirement in 2025, 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.

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:

• December 17 (CRN 32648)

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

1. Register online. This links to the registration page and opens in a new window. 
2. Find your preferred seminar date and choose the "Select" option, next to the class.
3. Choose "Register for Selected Courses."
4. 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. 
5. Fill out your information (anything in red is required information) and choose Submit.
6. After you have Registered for your Seminar, choose "Finalize Selection" and print your confirmation.
7. 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 smoore3@ccbcmd.edu.