Jubilación
Save for your retirement through paycheck contributions.
All employees are eligible to participate in a JHHS retirement savings plan. Retirement plan options vary by hospital or member organization and whether you belong to a union.
Seleccione la pestaña correspondiente a su hospital u organización miembro y a su situación sindical. to view your retirement savings options.
You’re eligible and automatically enrolled in the 403(b) savings plan. If you were hired before Jan. 1, 2016, you’re also eligible for the pension plan.
403(b) Savings Plan
You’re automatically enrolled in the 403(b) savings plan with a 2% pre-tax contribution as a new employee. The amount you contribute automatically increases by 1% each year, up to 10% of your annual pay.
You can stop contributions or automatic increases to the plan anytime.
Ways to contribute
You can contribute a fixed dollar amount or a percentage of your pay as:
- Pre-tax: Contributions are deposited before taxes and deducted from your pay. This reduces your taxable income, but you’ll pay taxes when you withdraw.
- Roth (after-tax): Contributions are deposited after taxes and deducted from your pay. This reduces your take-home pay, but you won’t pay taxes when you withdraw.
Contribution limits
You can contribute up to $24,500 in 2026.
If you’re age 50 or older, you can contribute an additional $8,000 in catch-up contributions.
Employer contributions
JHHS will make an annual contribution to your retirement plan by March 15 if you:
- Were hired on or before Jan. 1, 2016.
- Completed one calendar year of employment in which you worked at least 1,000 hours.
- Were actively employed on Dec. 31 of the prior year.
JHHS will contribute 4% of your annual pay, even if you don’t contribute to the plan.
If you do contribute, JHHS will match 50% of your contributions, up to 2% of your annual pay.
When you vest in contributions from JHHS
You’re always 100% vested in your contributions to the retirement plan.
Contributions from JHHS vest based on your years of service (employment years in which you are credited with 1,000 hours or more):
| Years of service | Percent Vested |
|---|---|
| Less than 2 | 0% |
| 2 | 25% |
| 3 | 50% |
| 4 | 75% |
| 5 | 100% |
Pension Plan
If you were hired before Jan. 1, 2016, you’re eligible for a pension. The annual amount of the pension is determined by your:
- Average compensation: Highest three consecutive years over most recent 10-year period.
- Years of service: Number of calendar years in which you worked at least 1,000 hours, up to 40 years maximum.
How to calculate the amount of your pension
The annual amount of your pension is calculated as: 1% of your average compensation x years of service.
Let’s say your average compensation was $87,000 after 15 years of service with JHHS. Your annual pension would be:
87,000 x .01 x 15 = $13,050
When you’ll receive your pension
You’re fully vested in the pension plan after five years of service.
There are multiple ways to receive your pension benefit, including:
- Single sum payment if the value of the pension is $25,000 or less.
- Annuity options that pay a monthly benefit until you or your beneficiary die.
- Cash refund option that pays monthly benefits during your life and a single sum payment to your beneficiary for the remaining value of your benefit after you die.
- Level income option that adjusts the amount of your benefit before and after Social Security benefits begin.
For details, view the Summary Plan Description.
You’re eligible and automatically enrolled in the 403(b) savings plan and pension plan.
403(b) Savings Plan
You’re automatically enrolled in the 403(b) savings plan with a 2% pre-tax contribution as a new employee. The amount you contribute automatically increases by 1% each year, up to 10% of your annual pay.
You can stop contributions or automatic increases to the plan anytime.
You’re always 100% vested in your contributions to the retirement plan.
Ways to contribute
You can contribute a fixed dollar amount or a percentage of your pay as:
- Pre-tax: Contributions are deposited before taxes and deducted from your pay. This reduces your taxable income, but you’ll pay taxes when you withdraw.
- Roth (after-tax): Contributions are deposited after taxes and deducted from your pay. This reduces your take-home pay, but you won’t pay taxes when you withdraw.
Contribution limits
You can contribute up to $24,500 in 2026.
If you’re age 50 or older, you can contribute an additional $8,000 in catch-up contributions.
Pension Plan
The annual amount of the pension benefit is determined by your:
- Average compensation: Highest three consecutive years over most recent 10-year period.
- Years of service: Number of calendar years in which you worked at least 1,000 hours, up to 40 years maximum.
How to calculate the amount of your pension
The annual amount of your pension is calculated as: 1.4% of your average compensation x years of service.
Let’s say your average compensation was $87,000 after 15 years of service with JHHS. Your annual pension would be:
87,000 x .014 x 15 = $18,270
When you’ll receive your pension
You’re fully vested in the pension plan after five years of service.
There are multiple ways to receive your pension benefit, including:
- Single sum payment if the value of the pension is $25,000 or less.
- Annuity options that pay a monthly benefit until you or your beneficiary die.
- Cash refund option that pays monthly benefits during your life and a single sum payment to your beneficiary for the remaining value of your benefit after you die.
- Level income option that adjusts the amount of your benefit before and after Social Security benefits begin.
For details, view the Summary Plan Description.
You’re eligible and automatically enrolled in the 403(b) savings plan. If you’ve worked at least 1,000 hours in a calendar year, you’re also eligible for and automatically enrolled in the pension plan.
403(b) Savings Plan
You’re automatically enrolled in the 403(b) savings plan with a 2% pre-tax contribution as a new employee. The amount you contribute automatically increases by 1% each year, up to 10% of your annual pay.
You can stop contributions or automatic increases to the plan anytime.
You’re always 100% vested in your contributions to the retirement plan.
Ways to contribute
You can contribute a fixed dollar amount or a percentage of your pay as:
- Pre-tax: Contributions are deposited before taxes and deducted from your pay. This reduces your taxable income, but you’ll pay taxes when you withdraw.
- Roth (after-tax): Contributions are deposited after taxes and deducted from your pay. This reduces your take-home pay, but you won’t pay taxes when you withdraw.
Contribution limits
You can contribute up to $24,500 in 2026.
If you’re age 50 or older, you can contribute an additional $8,000 in catch-up contributions.
Pension Plan
You’re eligible for the pension plan if you’ve worked at least 1,000 hours in a calendar year. The annual amount of the pension benefit is determined by your:
- Average compensation: Highest three consecutive years over most recent 10-year period.
- Years of service: Number of calendar years in which you worked at least 1,000 hours, up to 40 years maximum.
How to calculate the amount of your pension
The annual amount of your pension is calculated as: 1% of your average compensation x years of service.
Let’s say your average compensation was $87,000 after 15 years of service with JHHS. Your annual pension would be:
87,000 x .01 x 15 = $13,050
When you’ll receive your pension
You’re fully vested in the pension plan after five years of service.
There are multiple ways to receive your pension benefit, including:
- Single sum payment if the value of the pension is $25,000 or less.
- Annuity options that pay a monthly benefit until you or your beneficiary die.
- Cash refund option that pays monthly benefits during your life and a single sum payment to your beneficiary for the remaining value of your benefit after you die.
- Level income option that adjusts the amount of your benefit before and after Social Security benefits begin.
For details, view the Summary Plan Description.
You’re eligible and automatically enrolled in the 401(k) savings plan.
401(k) Savings Plan
You’re automatically enrolled in the 401(k) savings plan with a 3% pre-tax contribution as a new employee.
You can stop or change contributions to the plan anytime.
Ways to contribute
You can contribute a fixed dollar amount or a percentage of your pay as:
- Pre-tax: Contributions are deposited before taxes and deducted from your pay. This reduces your taxable income, but you’ll pay taxes when you withdraw.
- Roth (after-tax): Contributions are deposited after taxes and deducted from your pay. This reduces your take-home pay, but you won’t pay taxes when you withdraw.
Contribution limits
You can contribute up to $24,500 in 2026.
If you’re age 50 or older, you can contribute an additional $8,000 in catch-up contributions.
Employer contributions
Johns Hopkins Health System will make biweekly contributions to your retirement plan throughout the year if you:
- Completed one calendar year of employment in which you worked at least 1,000 hours.
- Were actively employed on Dec. 31 of the prior year.
Employees hired before Jan. 1, 2001
JHHS will match a percentage of your contributions up to 9% of your annual pay. The percentage that JHHS will match is based on your years of service.
| Years of service | Percent Matched |
|---|---|
| 1–9 | 50% |
| 10–14 | 75% |
| 15–19 | 100% |
| 20+ | 150% |
Employees hired on or after Jan. 1, 2001
JHHS will contribute 1% of your annual pay, even if you don’t contribute to the plan.
If you do contribute, JHHS will match a percentage of your contributions up to 6% of your annual pay. The percentage that JHHS will match is based on your years of service.
| Years of service | Percent Matched |
|---|---|
| 1–9 | 50% |
| 10–14 | 60% |
| 15–19 | 80% |
| 20+ | 100% |
When you vest in contributions from JHHS
You’re always 100% vested in your contributions to the retirement plan.
Contributions from JHHS vest based on your years of service (employment years in which you are credited with 1,000 hours or more):
| Years of service | Percent Vested |
|---|---|
| Less than 2 | 0% |
| 2 | 25% |
| 3 | 50% |
| 4 | 60% |
| 5+ | 100% |
You’re eligible and automatically enrolled in the 401(k) savings plan.
401(k) Savings Plan
You’re automatically enrolled in the 401(k) savings plan with a 3% pre-tax contribution as a new employee.
You can stop or change contributions to the plan anytime.
Ways to contribute
You can contribute a fixed dollar amount or a percentage of your pay as:
- Pre-tax: Contributions are deposited before taxes and deducted from your pay. This reduces your taxable income, but you’ll pay taxes when you withdraw.
- Roth (after-tax): Contributions are deposited after taxes and deducted from your pay. This reduces your take-home pay, but you won’t pay taxes when you withdraw.
Contribution limits
You can contribute up to $24,500 in 2026.
If you’re age 50 or older, you can contribute an additional $8,000 in catch-up contributions.
Employer contributions
JHHS will make an annual contribution to your retirement plan by March 15 if you:
- Completed one calendar year of employment in which you worked at least 1,000 hours.
- Were actively employed on Dec. 31 of the prior year.
JHHS will contribute 4% of your annual pay (plus 1% in excess of Social Security Taxable Wage Base for current year) even if you don’t contribute to the plan.
If you do contribute, JHHS will match:
- If you were hired before Jan. 1, 2005: 150% of your contributions, up to 4% of your annual pay.
- If you were hired on or after Jan. 1, 2005: 50% of your contributions, up to 4% of your annual pay.
Regardless of your hire date, contributions from JHHS will be available to those employed through Dec. 31 each year.
When you vest in contributions from JHHS
You’re always 100% vested in your contributions to the retirement plan.
Contributions from JHHS vest based on your years of service (employment years in which you are credited with 1,000 hours or more):
| Years of service | Percent Vested |
|---|---|
| Less than 2 | 0% |
| 2 | 25% |
| 3 | 50% |
| 4 | 60% |
| 5+ | 100% |
You’re eligible for and automatically enrolled in the 401(k) savings plan.
401(k) Savings Plan
You’re automatically enrolled in the 401(k) savings plan with a 4% pre-tax contribution as a new employee.
You can stop or change contributions to the plan anytime.
Ways to contribute
You can contribute a fixed dollar amount or a percentage of your pay as:
- Pre-tax: Contributions are deposited before taxes and deducted from your pay. This reduces your taxable income, but you’ll pay taxes when you withdraw.
- Roth (after-tax): Contributions are deposited after taxes and deducted from your pay. This reduces your take-home pay, but you won’t pay taxes when you withdraw.
Contribution limits
You can contribute up to $24,500 in 2026.
If you’re age 50 or older, you can contribute an additional $8,000 in catch-up contributions.
Employer contributions
JHHS will make biweekly contributions to your retirement plan through the year.
JHHS will contribute 3% of your annual pay, even if you don’t contribute to the plan.
When you vest in contributions from JHHS
You’re always 100% vested in your contributions to the retirement plan.
Contributions from JHHS vest 100% once you complete two years of service.
All employees are eligible to contribute to the 403(b) savings plan. If you work at least 20 hours per week, you’re also eligible and automatically enrolled in the 401(k) savings plan.
403(b) Savings Plan
You can contribute between 1% and 50% of your annual pay to the 403(b) savings plan, up to the IRS limit.
You can stop or change contributions to the plan anytime.
You’re always 100% vested in your contributions to the retirement plan.
Ways to contribute
You can contribute a fixed dollar amount or a percentage of your pay as:
- Pre-tax: Contributions are deposited before taxes and deducted from your pay. This reduces your taxable income, but you’ll pay taxes when you withdraw.
- Roth (after-tax): Contributions are deposited after taxes and deducted from your pay. This reduces your take-home pay, but you won’t pay taxes when you withdraw.
Contribution limits
You can contribute up to $24,500 in 2026.
If you’re age 50 or older, you can contribute an additional $8,000 in catch-up contributions.
401(k) Savings Plan
If you work at least 20 hours per week, you’re automatically enrolled in the 401(k) plan with a 3% pre-tax contribution as a new employee.
You can stop or change contributions to the plan anytime.
Ways to contribute
You can contribute between 1% and 50% of your annual pay as:
- Pre-tax: Contributions are deposited before taxes and deducted from your pay. This reduces your taxable income, but you’ll pay taxes when you withdraw.
- Roth (after-tax): Contributions are deposited after taxes and deducted from your pay. This reduces your take-home pay, but you won’t pay taxes when you withdraw.
Contribution limits
You can contribute up to $24,500 in 2026.
If you’re age 50 or older, you can contribute an additional $8,000 in catch-up contributions.
Employer contributions
JHHS will make biweekly contributions to your retirement plan, even if you don’t contribute to the plan. View the contribution chart .
If you do contribute, JHHS will match 50% of your contributions, up to 3% of your annual pay, on a biweekly basis.
When you vest in contributions from JHHS
You’re always 100% vested in your contributions to the retirement plan.
Contributions from JHHS vest after three years of service.
You’re eligible to contribute to the 403(b) savings plan. After one year of employment, you’re eligible to receive matching contributions from JHHS.
403(b) Savings Plan
You can start, stop or change contributions to the 403(b) savings plan anytime.
Ways to contribute
You can contribute a fixed dollar amount or a percentage of your pay as:
- Pre-tax: Contributions are deposited before taxes and deducted from your pay. This reduces your taxable income, but you’ll pay taxes when you withdraw.
- Roth (after-tax): Contributions are deposited after taxes and deducted from your pay. This reduces your take-home pay, but you won’t pay taxes when you withdraw.
Contribution limits
You can contribute up to $24,500 in 2026.
If you’re age 50 or older, you can contribute an additional $8,000 in catch-up contributions.
Employer contributions
Johns Hopkins Health System will make an annual contribution to your retirement plan by March 15 if you:
- Completed one calendar year of employment in which you worked at least 1,000 hours.
- Were actively employed on Dec. 31 of the prior year.
JHHS will match 50% of your contributions, up to 2% of your annual pay.
When you vest in contributions from JHHS
You’re always 100% vested in your contributions to the retirement plan.
Contributions from JHHS vest after three years of service in which you worked at least 1,000 hours.
You’re eligible to contribute to the 403(b) savings plan. After one year of employment, you’re eligible to receive matching contributions from JHHS.
403(b) Savings Plan
If you were hired after Jan. 1, 2023, you’re automatically enrolled in the 403(b) savings plan with a 2% pre-tax contribution as a new employee. If you were hired before Jan 1. 2023, you aren’t automatically enrolled.
You can start, stop or change contributions to the 403(b) savings plan anytime.
Ways to contribute
You can contribute a fixed dollar amount or a percentage of your pay as:
- Pre-tax: Contributions are deposited before taxes and deducted from your pay. This reduces your taxable income, but you’ll pay taxes when you withdraw.
- Roth (after-tax): Contributions are deposited after taxes and deducted from your pay. This reduces your take-home pay, but you won’t pay taxes when you withdraw.
Contribution limits
You can contribute up to $24,500 in 2026.
If you’re age 50 or older, you can contribute an additional $8,000 in catch-up contributions.
Employer contributions
JHHS will make an annual contribution to your retirement plan by March 15 if you:
- Completed one calendar year of employment in which you worked at least 1,000 hours.
- Were actively employed on Dec. 31 of the prior year.
JHHS will contribute 4% of your annual compensation (plus 1% in excess of Social Security taxable wage base for current year), even if you don’t contribute to the plan.
If you do contribute, JHHS will match 50% of your contributions, up to 4% of your annual pay.
When you vest in contributions from JHHS
You’re always 100% vested in your contributions to the retirement plan.
Contributions from JHHS vest based on your years of service (employment years in which you are credited with 1,000 hours or more):
Employees hired before Jan. 1, 2023
| Years of service | Percent Vested |
|---|---|
| less than 1 | 0% |
| 1 | 20% |
| 2 | 40% |
| 3 | 60% |
| 4 | 80% |
| 5+ | 100% |
Employees hired after Jan. 1, 2023
| Years of service | Percent Vested |
|---|---|
| 1 | 0% |
| 2 | 25% |
| 3 | 50% |
| 4 | 75% |
| 5+ | 100% |
You’re eligible for and automatically enrolled in the 403(b) savings plan. If you were hired before Jan. 1, 2016, you’re also eligible for the pension plan.
403(b) Savings Plan
You’re automatically enrolled in the 403(b) savings plan with a 2% pre-tax contribution as a new employee. The amount you contribute automatically increases by 1% each year, up to 4% of your annual pay.
You can stop contributions or automatic increases to the plan anytime.
Ways to contribute
You can contribute a fixed dollar amount or a percentage of your pay as:
- Pre-tax: Contributions are deposited before taxes and deducted from your pay. This reduces your taxable income, but you’ll pay taxes when you withdraw.
- Roth (after-tax): Contributions are deposited after taxes and deducted from your pay. This reduces your take-home pay, but you won’t pay taxes when you withdraw.
Contribution limits
You can contribute up to $24,500 in 2026.
If you’re age 50 or older, you can contribute an additional $8,000 in catch-up contributions.
Employer contributions
JHHS will make an annual contribution to your retirement plan by March 15 if you:
- Are at least 21 years old.
- Completed one calendar year of employment in which you worked at least 1,000 hours.
- Worked at Care at Home for at least one year as of the plan entry dates — Jan. 1 or July 1 each year.
- Were actively employed on Dec. 31 of the prior year.
JHHS will match 50% of your contributions, up to 2% of your annual pay.
When you vest in contributions from JHHS
You’re always 100% vested in your contributions to the retirement plan.
Contributions from JHHS vest based on your years of service (employment years in which you are credited with 1,000 hours or more):
| Years of service | Percent Vested |
|---|---|
| 1 | 0% |
| 2 | 20% |
| 3 | 40% |
| 4 | 60% |
| 5 | 80% |
| 6+ | 100% |
Expand your knowledge
Transamerica offers live and recorded webinars throughout the year to help you prepare for the future and make the most of your finances in retirement.
Name a beneficiary for the retirement plan
A beneficiary receives your benefits if you die. If you’re married, your spouse is automatically designated as the beneficiary for your retirement plan. To designate another beneficiary, you’ll need notarized approval from your spouse.
Iniciar sesión en Transamerica to add or update your beneficiaries:
- Seleccionar View Details
- In the menu at the top, select My Plan > Beneficiaries
- Seleccionar Add/Update to make changes
Preguntas frecuentes
When am I eligible for employer contributions?
If you’re eligible to receive employer contributions, you’ll receive them after one year of employment during which you have worked 1,000 hours or more and you must be actively employed on Dec. 31 of that year.
When can I withdraw from the retirement savings plan?
You can withdraw from your retirement savings plan without penalty beginning at age 59 ½. If you withdraw from the plan prior to age 59 ½, you’ll generally have to pay a 10% early withdrawal tax except in certain circumstances like financial hardship or disability.
How do I opt out of the retirement savings plan before being automatically enrolled?
To opt out of the retirement savings plan, follow the instructions included in your welcome email from Transamerica, or call Transamerica at 800-755-5801.
If you opt out within 90 days of being automatically enrolled, you may request a cash withdrawal of your automatic contributions.
I was auto enrolled but don’t want to contribute – can I get the money that was contributed back?
Yes. You can request a refund of auto-enroll contributions by completing and submitting a 90-day refund request form. You may receive the form by contacting Transamerica 800-755-5801.
Can I stop or change the amount I contribute to the retirement savings plan?
Yes. You can start, stop or change your contributions to the retirement plan anytime.
Sign into your Transamerica account to update your contributions.
As an active employee, can I receive an in-service distribution?
Active employees age 59 ½ and older can receive in-service distributions, otherwise an active employee cannot receive an in-service distribution.
What is a pension plan – is it the same as a 403(b) or 401(k)?
The pension plan is a defined benefit plan that uses a formula to calculate your benefit at any point in time. It is funded 100% by Johns Hopkins Health System, so you don’t contribute your own money like you do with a 403(b) or 401(k) savings plan.
How do I complete the Medicare Part B CMS-L564 (Request For Employment Information) form?
If you’re retiring or need the Medicare Part B CMS-L564 (Request For Employment Information) completed, email [email protected] to request the form.
Contactos
Transamerica
Retirement savings plan
800-755-5801
transamerica.com/portal/
HR Support Center
Pension plan
443-997-5400
[email protected]
Resources
Medicare Part B CMS-L564
If you’re retiring or need the Medicare Part B CMS-L564 (Request For Employment Information) completed, email [email protected] to request the form.