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  1. MarylandSaves
  2. Frequently Asked Questions
  3. Saver FAQs

Can my employer or the State of Maryland take the money from my WorkLife Savings Account?

No. The money is yours, and only you can access your savings. Your contributions are remitted directly to MarylandSaves on your behalf and are credited directly to your personal WorkLife Account. The State cannot access your account for other purposes and your account is not tied to any other retirement plans offered by the State.

Articles in this section

  • How are my contributions made?
  • Will services be available in other languages?
  • Is there a limit to how much I can contribute?
  • Is my contribution pre-tax or post-tax?
  • What is the default contribution rate?
  • I’m self-employed. Can I set up my own MarylandSaves account?
  • Where do my contributions go?
  • Are there income limits to participate in MarylandSaves?
  • Is investing in MarylandSaves WorkLife Savings Account the same as putting money in a bank?
  • Is there a minimum retirement age for MarylandSaves?
See more

Related articles

  • Could joining MarylandSaves impact my eligibility for college financial aid?
  • Does MarylandSaves protect the security of funds deposited into my account?
  • Is there a fee for participating in MarylandSaves?
  • What is a Roth IRA?
  • How are my contributions made?
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