What this guide covers Why your UMass employer matters How the pension, 401(k), and 403(b) fit together The pension, including the enhanced-match election Why 4% is the floor for the 401(k) match How the three-year or age-55 vesting rule works How the 401(k) and 403(b) contribution limits interact The 2026 catch-up contribution rules How the […]
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Understanding Your UMass Memorial Health Care Pension
The pension should not be viewed in isolation. Your retirement date, 401(k) or 403(b), Social Security, other savings, taxes, healthcare costs, and personal priorities all affect how the benefit fits into your broader plan. Much of what follows comes from the plan’s own annual filing with the Department of Labor. The Form 5500 for the […]