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Benefits Guide and Stipend Information For Residents and Fellows

2020-2021 STIPENDS
Health Insurance
Optional Life Insurance
Long-Term Disability Insurance
Sick Leave Bank
Paid Time Off
Tuition Benefits

Dental Insurance
Vision Insurance
Flexible Spending Accounts
State Employee Retirement System
Voluntary Retirement Saving Plans
UMass Five College Credit Union Information on Relocation Loan

VOLUNTARY RETIREMENT SAVINGS PLANS

The University of Massachusetts offers two different voluntary retirement savings plans.

403(b) Plans
You may also defer some of your own income to a 403(b) plan, up to IRS limit of $19,000 if you are under 50 years old or $22,000 if you are 50 years old or over.

457(b) Plan
If you meet eligibility requirements, you may also defer some of your own income to a 457(b) up to the IRS limit of $19,000 if you are under 50 years old or $22,000 if you are 50 years old or over.

Voluntary retirement plan information and enrollment is available by going to https://www.umassmed.edu/hr/benefits/retirement-plans/voluntary-retirement-plans/