How do I start or change a Supplemental Retirement Annuity deduction?
To start a Supplemental Retirement Annuity (SRA) deduction you must choose a vendor [AIG-Valic, Fidelity Investments, Maryland Supplemental Retirement Plan, or TIAA-CREF] and a plan type [403(b), 457(b), or 401(k) (through MSRP only)] and complete an enrollment package consisting of a vendor enrollment form, USM Salary Reduction Agreement and USM Deduction Authorization form. The completed forms should be submitted to the UHR-Office of Employee Benefits for processing. To change a deduction amount, go to the “Forms” dropdown box at the University Human Resources web site (www.uhr.umd.edu) and select and print the specific form by vendor and plan.Both the USM Salary Reduction Agreement and USM Deduction Authorization form will print. Complete both forms and forward them to the UHR-Office of Employee Benefits. The Payroll Agency Code for UMCP is 360222. Deductions are taken according to your pay schedule (i.e., 22 or 26 pay periods), so it is important to keep this in mind when calculati
To start a Supplemental Retirement Annuity (SRA) deduction you must choose a vendor [AIG-Valic, Fidelity Investments, Maryland Supplemental Retirement Plan, or TIAA-CREF] and a plan type [403(b), 457(b), or 401(k) (through MSRP only)] and complete an enrollment package consisting of a vendor enrollment form, USM Salary Reduction Agreement and USM Deduction Authorization form. The completed forms should be submitted to the UHR-Office of Employee Benefits for processing. To change a deduction amount, go to the “Forms” dropdown box at the University Human Resources web site (www.uhr.umd.edu) and select and print the specific form by vendor and plan. Both the USM Salary Reduction Agreement and USM Deduction Authorization form will print. Complete both forms and forward them to the UHR-Office of Employee Benefits. The Payroll Agency Code for UMCP is 360222. Deductions are taken according to your pay schedule (i.e., 22 or 26 pay periods), so it is important to keep this in mind when calculat
Related Questions
- Does NSCC provide payroll deduction for supplemental retirement savings over and above the mandatory retirement programs?
- Can I still participate in the Tax Deferred Retirement Plan (TDR) and/or the Supplemental Retirement Annuity (SRA)?
- How do I start or change a Supplemental Retirement Annuity deduction?
