Retirement is an exciting milestone, and preparing for it early can ensure a smooth transition. If you're considering retiring from the University of Maryland in the next 12 months, it's important to take a few steps to get ready:
- Consult a UHR Benefits Counselor: Schedule a meeting to discuss your retirement options and ensure you're on track. Please note that counselors do prioritize individuals who are retiring within the 3-6 month window. Find your benefits counselor here.
- Attend a Pre-Retirement Webinar: This helpful webinar covers the Maryland State Retirement and Pension System (MSRPS), including eligibility and benefits.
- Checklists and Forms: There are pre-retirement checklists available for both the Optional Retirement Program (ORP) and the State Retirement Pension (SRP), alongside forms for retiree health benefits on the UHR Website.
- Social Security and Medicare: It's also a good idea to explore how Social Security and Medicare will impact your retirement planning.
- Review Retiree Campus Privileges: As a UMD retiree, you can receive a University ID card so you can still use benefits like bookstore discounts, free parking, and use the libraries.
Starting early and being informed about your benefits can make your retirement experience much more enjoyable. For more details, you can reach out to UMD's University Human Resources department.
Perks@Work: Travel Discounts
Did you know that as a University of Maryland employee, you get great travel discounts through the Concur Help Center? As we head into the warmer months, let’s break them down for you:
- Airport Parking
- $10.45 daily rate at BWI Fast Park & Relax
- Amtrak
- Travel between specific city pairs for business or personal travel with a 10% discount.
- Auto Rentals
- Enterprise/National
- Avis
- Budget
- Local Hotel Agreements
- The Hotel
- Cambia
- Marriott of College Park
Learn more about Concur travel discounts here.
Free Ridership on the Maryland Transit Administration (MTA) system
- Free ridership is available for all regular USM faculty and staff members on Maryland Transit Administration’s (MTA) systems.
- Regular status UMD faculty and staff can use the Baltimore Light Rail, the Baltimore Metro Subway, MTA bus service, and commuter bus service lines 120, 150, and 160 in the Baltimore region at no charge.