MSRP

The Maryland State Retirement and Pension Plan

• Is a defined benefit plan that provides employees with retirement benefits, survivor benefits, and, in some instances, a lump-sum death benefit payment for the beneficiary.
• Employees become vested (eligible for contributions) after ten years of employment.
• Academic, executive, and professional/administrative staff employees may enroll in either the defined benefit (pension) plan or one of the defined contribution plans (optional retirement plans or ORP) available.
• The University contributes to the employees' pension account on a twenty-six (26) pay schedule basis for the administrative staff personnel and a twenty (20) pay schedule basis for the faculty.

Visit the Maryland State Retirement and Pension website for additional information.