UNE is a great place to work, and also a great place to save for retirement. Our retirement plan enables full- and half-time faculty and staff to build long-term savings as a source of income after you retire. We match your contributions up to 8% after 12 consecutive months of eligible service. Any University-matching contributions made to your account are 100% vested once we have made those contributions. You may also contribute non-matching funds consistent with federal guidelines.

Fidelity Investments

Since January 1, 2015 all retirement contributions are made to Fidelity Investments.

Learn more about your Fidelity benefits >

Things to know about the COVID-19 Stimulus Bill: In addition to tax filing extensions and stimulus checks, the CARES Act of 2020 has provisions that impact and temporarily relaxing certain limitations affecting your retirement account that may help you if you are impacted by the coronavirus.

Market Insights-New Developments and What to Consider: Weekly video to stay up to date on the latest market conditions and what they mean to you.


Although new retirement contributions are being made through Fidelity Investments, you may have previous investment balances with TIAA-CREF that require your continued attention.

Learn More about remaining TIAA-CREF benefits

Roth 403(b) post-tax option

Unlike a traditional pretax 403(b), the Roth 403(b) allows you to contribute after-tax dollars now allowing you the potential for tax-free retirement income. There are several things you might like to review if you are considering a Roth 403(b) (PDF). Additionally, it is recommended that you speak with your financial advisor or a Fidelity Investments representative.

UNE will match actively contributing participants on a dollar or dollar basis up to 8% of the employee's pre-tax salary deferral. UNE will not match a participant's post-tax (Roth) contributions.

All 403(b) and Roth 403(b) retirement plan investment funds are selected directly through Fidelity Investments by logging into your online account or speaking with a Fidelity Investments representative. Fidelity Investments representatives and their online retirement planning tools can assist with your retirement planning decisions.

Things to consider as you get ready to retire or become eligible for Medicare

It can be an exciting time as you begin to consider retiring but it can also be an overwhelming transition. Many things need to be considered as you become eligible for Medicare or contemplate the steps toward retiring. The decisions you are making in the 18 month period prior to making these transitions can have significant impacts. In an effort to assist you through this transition we have assembled some resources that others have found useful when planning their retirement.

Important considerations, resources, and contacts


Review your Social Security benefits and the process of receiving this benefit. It is recommended to start the Social Security application process for your retirement benefits three months before you want your payments to start. The most secure way to apply for Social Security benefits is in-person at your local SSA office.

Portland Location
550 Forest Ave Suite 150
Portland, Maine 04101

Saco Location
110 Main Street
Saco, Maine 04072


Provides many services and programs for adults 60 and older to help you navigate insurance and Medicare options. including seminars and 1:1 sessions. People have found that contacting them at least 6 months prior to the anticipated retirement date to discuss the timing and process of enrolling in Medicare has been helpful.

136 U.S. Route One
Scarborough, ME 04074
(207) 396-6500



The official U.S. Government site for Medicare. (1-800-MEDICARE)


Remember that you cannot enroll in the high deductible medical insurance plan (associated with a Health Savings Account) if you have other coverage, including Medicare Part A. In addition, there may be tax implications if you contribute to an HSA (including UNE’s employer contribution) within 6 months of turning age 65 and enrolling in Medicare Part A. Contact a tax and/or financial advisor for further guidance.


Janet Kelsey, UNE’s dedicated Fidelity workplace planning and guidance consultant, offers on-campus 1:1 meetings twice a month to help answer questions as you prepare for retirement. Please bring relevant account statements and any paperwork to help address your questions and needs. Appointments are required. To schedule an appointment for a 1:1 with Fidelity, register online at getguidance.fidelity.com or call 800-642-7131. For general information, call 800-343-0860 or view Fidelity's basics of Medicare and Fidelity's Social Security and working.


Cigna’s EAP program provides a free and confidential resource to you, offering a wide range of services including a 30-minute consultation with an attorney (face-to-face or by phone) as well as a 30-minute telephone consultation with a qualified financial specialist on topics such as debt counseling or planning for retirement. For more information review the EAP Overview Flyer (PDF) or call 1-877-622-4327.


Even if you are not ready for retirement, HealthAdvocate is a free and confidential resource that sets you up with a Personal Health Advocate to help walk you through your choices as you decide on continuing with UNE’s medical insurance plan or consider electing Medicare coverage. They will explain all the parts of Medicare coverage (A, B, C, D, and Medigap), can review the costs of UNE’s plans and Medicare plans, help you compare coverages side by side, and inform you of important enrollment deadlines to avoid penalties. They can even help you sign up for Medicare when you are ready! Contact them at 1-866-695-8622

Nearing 65 and need to know about Medicare (PDF)

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