Yes, you may withdraw money from your 403(b) while you are still employed, but only if you are 59 ½ or older, or qualify for a hardship withdrawal requests. There is a 10% penalty for early withdrawal.

Yes, you may withdraw money from your 457(b) while you are still employed, but only if you are 59 ½ or older or qualify for an unforeseeable emergency.
Requests for unforeseeable emergencies are administered by Nationwide.

Yes, rollovers from 401(k) plans, other 403(b) plans, 457(b) plans, and traditional Individual Retirement Accounts (IRAs) are allowed.

To find out the cost of participating in a 403(b), contact your 403(b) company for details. Be sure to ask about commissions, management and administrative fees, 12b-1 fees, mortality and expense charges, and surrender charges. HCPSS does not receive any money for providing this retirement benefit.

No, 403(b) and 457(b) contribution changes can be made at any time.

You may make changes as often as needed via Workday.

All HCPSS employees are eligible to participate. 

To notify HCPSS of your Intent to Retire, please fill out this form.

Staff may access the HCPSS and MSRA Retirement Package online.

Yes, HCPSS accepts unused accumulated sick leave from any former employer that is a Maryland Public School System, including the Maryland School for the Blind and School for the Deaf.  HCPSS also currently accepts transfer of unused accumulated sick leave from the Maryland Department of Education (MSDE). Please initiate the Sick Leave Transfer form to your previous employer within 60 days of your date of hire.
 

Your HCPSS Retirement Specialist is assigned based on your last name:

• A-G, Jennifer (Lisa) Watkins, 410-313-1501
• H-O, Fatima Sye, 410-313-6695
• P-Z, Gale Gibbs, 410-313-1508
   

No.