From Rochelle Sanders, Director, HR Compensation and Benefits
This is a reminder to eligible faculty and staff regarding account limits for supplemental retirement annuity (SRA) contributions. As the end of the calendar year approaches, we encourage faculty and staff to review the bi-weekly contributions to any 403b, 401k and 457 SRA accounts to ensure the established maximum limits are not exceeded. The standard limits are $16,500 general deferral; employees age 50 and above may defer an additional $5,500 for an annual total of $22,000.
Contact the HR Benefits Staff at ext 5-2337 with questions related to changing biweekly SRA deductions or assistance with calculating maximum allowance. More specific information regarding SRA account limits, enrollment and deferral forms are located on the HR website at www.umbc.edu/hr/Benefits/SRA.html.