Retirement

We help you save with a tax-deferred 403(b) retirement savings plan. In addition, if you were hired before Jan. 1, 2016, you’re eligible for a pension plan benefit.

Retirement Savings 403(b) Plan

Both you and Johns Hopkins can contribute.

Your contributions

You are automatically enrolled with an initial 2% pre-tax contribution unless you elect not to participate.
You may choose a percentage or fixed dollar amount of your salary to deposit into your account each pay period on a pre-tax and/or after-tax (Roth) basis (up to IRS limits indexed annually).
Your elected contribution automatically increases by 1% annually (up to 10%) on the anniversary of your automatic enrollment date unless you opt out.
Your contributions vest at 100% immediately.

Employer contributions*

If you were hired on or after Jan. 1, 2016, you are eligible to receive employer contributions in the 403(b) plan after one year of employment during which you worked 1,000 hours or more.
You will receive an automatic contribution of 4% of earnings annually.
In addition, you’ll receive a matching contribution up to 50% of the first 4% of your contribution to the 403(b) plan (up to a maximum contribution of 2%).
Your contributions vest based on your years of service
- Under 2 years of service – 0%
- 2 years of service – 25%
- 3 years of service – 50%
- 4 years of service – 75%
- 5 or more years of service – 100%

*To receive these employer contributions, you must be actively employed on Dec. 31 of that year.

Pension Plan

If you were hired before Jan. 1, 2016, you’re eligible for a pension plan benefit.

New participation closed effective July 1, 2020.
The amount of your pension benefit is calculated using the following formula:
Your pension benefit = 1% of your final average compensation¹ x service (up to a maximum of 40 years).
You will be fully vested after 5 years of service.²

¹Highest consecutive 3 years out of the last 10.

²Year of service = calendar year working at least 1,000 hours.

Related Resources

TransAmerica website
TransAmerica Customer Care: 800-755-5801

Pension Plan
HR Support Center
443-997-5400

Preparing for Retirement

Your IRS maximum contribution

In 2024, you may contribute up to $23,000 of your gross income. If you are age 50 or older you can contribute up to an additional $7,500.

Webinars

TransAmerica hosts webinars throughout the year to help you prepare for the future and make the most of your finances in retirement.

Retirement Plan Essentials

No matter what your retirement dream is, the most important thing you can do today is create a retirement strategy that will turn your vision into reality. One of the best tools you can use as part of that strategy is your employer’s retirement plan.

This webinar is held monthly. Register for an upcoming session .

Get Ready to Retire

Learn about strategies for transitioning into retirement, and the questions you should be asking now to prepare.

January 23, 11 a.m. – 12 p.m. ET
January 24, 12–1 p.m. ET
January 25, 1–2 p.m. ET

Guide to Retirement Income Planning

Switching from a saving to a spending mindset can be tricky but there are simple steps you can take to make it easier, starting with making a plan. This presentation explains why retirement income planning is critical and discusses key steps to developing your plan.

February 27, 1–2 p.m. ET
February 28, 12–1 p.m. ET
February 29, 11 a.m. – 12 p.m. ET

Women’s Guide to Financial Wellness

Learn about tools and resources to feel confident making financial choices and develop a sound retirement strategy.

March 26, 12–1 p.m. ET
March 27, 1–2 p.m. ET
March 28, 11 a.m. – 12 p.m. ET

Money Management Essentials

It’s never too late to adopt healthier financial habits. Join this webinar to learn strategies for saving, budgeting, and managing credit that you can start using today.

April 23, 11 a.m. – 12 p.m. ET
April 24, 12–1 p.m. ET
April 25, 1–2 p.m. ET

Estate and Legacy Planning

Regardless of your age, income, or account balance, an estate plan can help you safeguard your legacy and protect the people most important to you. This webinar explains the importance and purpose of an estate plan and how to get started.

June 25, 1–2 p.m. ET
June 26, 11 a.m. – 12 p.m. ET
June 27, 12–1 p.m. ET

Guide To Social Security

This webinar will show you how Social Security can fit into your retirement income plan and share different strategies for when to claim your benefit.

May 28, 11 a.m. – 12 p.m. ET
May 29, 12–1 p.m. ET
May 30, 1–2 p.m. ET
September 24, 12–1 p.m. ET
September 25, 1–2 p.m. ET
September 26, 11 a.m. – 12 p.m. ET

Investing For Retirement

How you invest your retirement savings plays an important role in determining when you’ll be able to retire. The key balancing act to investing is aligning your goals, the number of years you have until you want to achieve those goals (referred to as time horizon), risk tolerance, and reward potential.

July 23, 12–1 p.m. ET
July 24, 11 a.m. – 12 p.m. ET
July 25, 1–2 p.m. ET

Guide To Medicare

Transamerica can help explain the “A, B, C, Ds” of Medicare and how to start piecing together your healthcare strategy.

August 27, 11 a.m. – 12 p.m. ET
August 28, 12–1 p.m. ET
August 29, 1–2 p.m. ET

Security and Fraud Prevention

This webinar will cover steps you can take to fortify your online security and how Transamerica protects your account.

October 29, 12–1 p.m. ET
October 30, 1–2 p.m. ET
October 31, 11 a.m. – 12 p.m. ET

Retirement Income Planning

After decades saving and investing for retirement, you may not have considered how to create a sustainable spending plan once you retire. This webinar covers why retirement income planning is critical and key steps to develop your plan.

February 27, 1–2 p.m. ET
February 28, 12–1 p.m. ET
February 29, 11 a.m. – 12 p.m. ET
November 19, 11 a.m. – 12 p.m. ET
November 20, 12–1 p.m. ET
November 21, 1–2 p.m. ET

Is Roth Right For You?

Learn how Roth contributions can impact your retirement income plan and the advantages you may want to consider. This webinar covers the basic of Roth contributions, their advantages, and how they differ from traditional contributions.

December 17, 11 a.m. – 12 p.m. ET
December 18, 12–1 p.m. ET
December 19, 1–2 p.m. ET