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Retirement Choice 2016 (November 2015)

In 2016, Retirement Choice will be different from any other - this year every employee will need to TAKE ACTION to make retirement plan choices for 2016. The annual benefits enrollment period for health and life plans - and the retirement plan - is October 14, 2015 through November 11, 2015. It is important that you log into the new online portal during this time to make your retirement plan elections for 2016.

Retirement Choice: Learn. Plan. Act.

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Tags: Retirement, Annual Enrollment, 403b

2015 Contribution Limits for 403(b) Plan (December 2014)

The Internal Revenue Service recently announced the annual 403(b) limits for 2015. They are as follows:

     • Pre-tax Elective Deferral - $ 18,000 (was $17,500 in 2014)
     • Age 50 & Over Catch-up - $ 6,000 (was $5,500 in 2014))
     • Overall by Employer/Employee - $ 53,000 (was $52,000 in 2014)
     • Annual Compensation - $265,000 (was $260,000 in 2014)
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Tags: Benefits , Retirement, 403b

Prudential Now Offering Electronic Statements (December 2014)

If you participate in the Support Staff Pension Plan, you may choose to receive your annual statement electronically from Prudential Retirement. To begin receiving your annual statement electronically, follow the easy steps below.

    • Visit www.prudential.com/online/retirement.
    • Register or Log in with your User ID and Password.
    • Provide your home or work email address.
    • Check the box in the Consent to Electronic Delivery section.
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Tags: Prudential, Retirement, Pension Plan

Retirement Readiness (November 2014)

It’s never too early to start saving. One of the best things you can do to ensure financial security in the future is to enroll in the JHU Retirement benefits program. More...

Tags: Benefits , Retirement

Planning for the Future (October 2014)

It’s never too early to start saving for retirement. Annual Enrollment is a great time to review your retirement benefits and update your elections. More...

Tags: Benefits , Retirement, Annual Enrollment

myWellness Choices 2014 – Financial Wellness (October 2014)

New studies show that Retirement may last 30+ years. This is good news, but not if we ignore the basics of financial wellness and retirement planning. By taking full advantage of your 403(b) plan you can reduce your taxable income now and build savings for the long run. Make sure your retirement will be something to enjoy! More...

Tags: Benefits , Retirement, Financial Education Seminars, Wellness

Join the Financial Fitness Challenge (November 2013)

Financial fitness can be just as important as physical fitness when it comes to being happy and healthy. This fall we are holding a financial fitness challenge to encourage, educate, and get you excited about your retirement plan. More...

Tags: Benefits , Retirement, Financial Fitness Challenge

April–June Appointments Available with 403(b) Investment Plan Vendors (May 2013)

Do you want to participate in the 403(b) retirement plan but don’t know how to begin? Are you getting closer to retirement and want to be sure you are building the kind of retirement you want? One-on-one appointments with our 403(b) plan representatives are being offered at Homewood, East Baltimore, Bayview and Eastern. The individual sessions are free of charge to university faculty and staff.

The schedule for the second quarter vendor visits is available on the Benefits website. Contact the investment company directly to make your appointment.

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Tags: Benefits , Retirement, 403b

Don’t Forget to Check Your Beneficiary! (October 2012)

Enrollment is a good time to consider your personal finances and make sure your family members are protected. Do you know who you have listed as a beneficiary for your university-provided life insurance? How about your retirement accounts? More...

Tags: Retirement, Insurance

Free Vanguard on the Road (VOTR) Webinars Available (June 2012)

Your 403(b) retirement plan can be a powerful tool in building your financial future. Vanguard offers free monthly webinars to help you learn how to get the most out of your plan. With the Vanguard on the Road program, you can receive financial education from the comfort of your desk or from any computer with an internet connection. More...

Tags: Benefits , Retirement, 403b

April–June Appointments Available with 403(b) Investment Plan Vendors (May 2012)

Do you want to participate in the 403(b) retirement plan but don’t know how to begin? Are you getting closer to retirement and want to be sure you are building the kind of retirement you want? One-on-one appointments with our 403(b) plan representatives are being offered at Homewood, East Baltimore, Bayview and Eastern. The individual sessions are free of charge to university faculty and staff.

The schedule for the second quarter vendor visits is available on the Benefits website. Contact the investment company directly to make your appointment. More...

Tags: Retirement Choice, Retirement, 403b

Free Vanguard on the Road (VOTR) Webinars Now Available (May 2012)

Your 403(b) retirement plan can be a powerful tool in building your financial future. Vanguard offers free monthly webinars to help you learn how to get the most out of your plan. With the Vanguard on the Road program, you can receive financial education from the comfort of your desk or from any computer with an internet connection. More...

Tags: Benefits , Retirement, 403b

American Century Investments No Longer Available to New Investors after April 30, 2012 (April 2012)

In an effort to streamline the number of investment products offered to 403(b) plan participants, the university will no longer offer American Century's investment products to new investors after April 30, 2012. Participants who invest in American Century prior to this date can continue to contribute to American Century. More...

Tags: Retirement, 403b

Congratulations to our 12 iPad2 Winners! (February 2012)

This past fall all JHU employees had the opportunity to participate in the Fall Financial Education Series and the Financial IQ Challenge. Both of these offered an opportunity to further your knowledge around financial planning. We are pleased that so many of you participated and commend you for taking steps to prepare for your financial future. More...

Tags: Benefits , Retirement

Make Time for a Retirement Check-Up This Fall (November 2011)

Are you worried about the current volatility in the financial markets and wondering if you’ll ever save enough money to retire? Here are five things you can do now to maximize your retirement savings: More...

Tags: Retirement, Annual Enrollment

Prudential Now Offering Electronic Statements (November 2011)

If you participate in the Support Staff Pension Plan, you may now choose to receive your annual statement electronically from Prudential Retirement. To begin receiving your annual statement electronically, follow the easy steps below. More...

Tags: Retirement

RETIREMENT CHOICE FOR SUPPORT STAFF ENDS (June 2011)

The Retirement Choice period for support staff which began on March 18 closed on May 2. Your last choice saved by the 11:59 p.m. deadline has been recorded and will take effect on July 1, 2011. If you did not make a choice, your retirement benefits will remain the same. A confirmation statement will be mailed to all eligible support staff in mid May. If you have questions about your confirmation statement, please contact the Benefits Service Center at 410-516-2000 or email the Benefits team at retirementchoice@jhu.edu. More...

Tags: Benefits , Retirement

It’s Time for Retirement Choice (April 2011)

Retirement Choice is here for eligible support staff. From March 18 – April 15, 2011, support staff members have a one-time opportunity to choose how to accrue future retirement benefits beginning July 1, 2011. There are two options:

  • Option 1: Support Staff Pension Plan and Staff Voluntary 403(b) Plan (the current plan(s))
  • Option 2: Johns Hopkins University 403(b) Plan (the new plan) Wondering if you are eligible for Retirement Choice? See our eligibility matrix for more information.

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Tags: Retirement Choice, Retirement

Steps for Making Your Retirement Choice (April 2011)

There are several important steps that need to be completed by April 15, 2011 if you are eligible for Retirement Choice. More...

Tags: Retirement Choice, Retirement

Choosing an Investment Company for 403(b) Plan Contributions (April 2011)

If you are a choice-eligible support staff member, you will need to make a retirement vendor selection for the new 403(b) Plan during the Retirement Choice Period, which is March 18 – April 15, 2011. There are several retirement vendors available to you: American Century, Fidelity, TIAA-CREF, Vanguard, and VALIC (as long as you are a current participant). Here’s a summary of each. More...

Tags: Retirement Choice, Retirement

VALIC No Longer Available to New Investors After June 30, 2011 (April 2011)

In an effort to streamline the number of investment products offered to 403(b) plan participants, the university will no longer offer VALIC's investment products to new investors after June 30, 2011. Participants who invest in VALIC prior to this date can continue to contribute to Valic More...

Tags: Retirement

Try Out the Retirement Choice Tool (April 2011)

For eligible support staff, one of the most important tools for making your Retirement Choice decision is the online Retirement Choice Tool, which goes live on March 18. The Retirement Choice Tool is pre-populated with participants’ personal data, which includes age, base salary, date of hire, accrued balance in the Support Staff Pension Plan as of June 30, 2010 and Staff Voluntary 403(b) Plan balances as of February 28, 2011. It then projects future retirement benefits under each option. If you're eligible for Retirement Choice, you may access the tool by visiting benefits.jhu.edu/mychoices More...

Tags: Retirement Choice, Retirement, Choice Tool

How Your JHU Retirement Plans Compare (March 2011)

Understanding your retirement plans is important, particularly for support staff, who will need to make an informed decision during our upcoming Retirement Choice period – March 18 to April 15, 2011. Take a look at this side-by-side comparison of the key plan features of all of our retirement plans. More...

Tags: Retirement Choice, Support Staff, Retirement

Helping Your 403(b) Plan Account Grow (March 2011)

When it comes to investing for retirement, as the old saying goes, “Time is on your side.” Getting an early start can be the secret to building a secure financial future. The reason? The earlier you begin putting away money in your retirement accounts, the longer you can benefit from the power of compounding — using investment income and interest to produce more earnings as they’re reinvested. More...

Tags: Retirement

Looking for Retirement Planning Tools? (March 2011)

Saving for retirement can seem like a daunting task. Our retirement vendors offer some user-friendly online tools that can help you get started or get you back on track to meet your retirement savings goals. These retirement calculators allow you to enter just a few numbers. Free registration may be needed on some vendor sites. More...

Tags: Retirement

Retire Right from Johns Hopkins (March 2011)

You have done some financial planning for retirement, but have thought about where you will live? Or how you will spend your time? Relationships, community involvement, and housing are a few of the issues future retirees must consider as they enter this major life transition. Join Meg Stoltzfus, LifeSpan services manager with the Office of Work, Life and Engagement to learn how to develop a vision for your retirement and avoid common pitfalls. More...

Tags: Retirement, Work/Life

What’s the Difference? Pension vs. 403(b) Plan (February 2011)

Understanding retirement plans isn't easy…but it helps to know how different types of plans work to help build savings and provide income in retirement. Here's a brief description of how each of the two major types of retirement plans work—defined benefit plans (e.g, the current Support Staff Pension Plan) and defined contribution plans (e.g., the new 403(b) Plan and most of the other JHU retirement plans). More...

Tags: Benefits , Retirement

Financial Seminars Continue (February 2011)

The Financial Seminar Series continues to provide helpful information on planning for your financial future. Whether you are just starting out or getting near to retirement, it’s important to be prepared and have specific retirement goals. These seminars can help! More...

Tags: Benefits , Retirement, Retirement Education

Retirement Basics: How Much Should I Save? (February 2011)

Most people agree that it's a good idea to save for the future. But you might be wondering, "how much is enough?" A good rule of thumb is that you'll need around 80% of your pre-retirement income annually to maintain your current standard of living after you retire. That's a lot of income, if you plan to be in retirement for 20 years or more! More...

Tags: Benefits , Retirement, Retirement Education

One-on-One Retirement Consultations Available (February 2011)

Appointments continue to be offered at Eastern, Homewood, East Baltimore and Bayview for one-on-one consultations with representatives from our five investment companies. If you're interested, check the Upcoming Events Calendar for available times and locations. More...

Tags: Benefits , Retirement, Retirement Education

Take Advantage of Tax-Deferred Savings in your 403(b) Retirement Plan (February 2011)

When investing for retirement, tax-deferred products like 403(b) plans give you a powerful, tax-efficient way to build future savings. Through the Johns Hopkins University Retirement Plans, you’re eligible to contribute to a 403(b) Plan, which offers these advantages: More...

Tags: Benefits , Retirement, Retirement Education

Retirement Basics: How Much Can I Save? (February 2011)

Each year, the Internal Revenue Service (IRS) evaluates the amount you can set aside pre-tax for retirement. For 2011, the following limits are applicable to the retirement plans. More...

Tags: Benefits , Retirement, Retirement Education