Retirement Resources
FSU retirement plans are based upon exemption status and employment classification, i.e., Nonexempt, Exempt, or 12-month Faculty. Enrollment in a retirement plan is mandatory.
Plans
Your retirement selection must be made on your first day and cannot be changed thereafter. You must also have the appropriate enrollment forms completed in BLACK ink and ready to hand in on your first day. Because the state forms require a notary, do not sign the forms until you are in the presence of a human resources representative.
- Regular Non-exempt Employees
Non-exempt employees are automatically enrolled in the Maryland State Retirement and Pension System (MSRPS) beginning with employment.
Benefits Handbook Benefits Forms
- Regular Exempt Employees
Exempt employees have a choice between the MSRPS and the Optional Retirement Plan (ORP).
- Employees with prior membership in the Maryland State Retirement and Pension System must enroll in the MSRPS and are not eligible for the Optional Retirement Plan.
- Retirement elections must be made at the beginning of employment and cannot be changed thereafter. There is no longer a one-year window after hire date to elect the ORP.
- Employees must select a retirement plan from the following choices (subject to eligibility):
Retirement Plan Option Form with ORP/Pension Comparison
ORP Vendor Selection Form - Employees with prior membership in the Maryland State Retirement and Pension System must enroll in the MSRPS and are not eligible for the Optional Retirement Plan.
- Regular Faculty Employees
Faculty employees have a choice between the MSRPS and the Optional Retirement Plan (ORP).
- Employees with prior membership in the Maryland State Retirement and Pension System must enroll in the MSRPS and are not eligible for the Optional Retirement Plan.
- Retirement elections must be made at the beginning of employment and cannot be changed thereafter. There is no longer a one-year window after hire date to elect the ORP.
- Employees must select a retirement plan from the following choices (subject to eligibility):
Retirement Plan Option Form with ORP/Pension Comparison
ORP Vendor Selection Form - Employees with prior membership in the Maryland State Retirement and Pension System must enroll in the MSRPS and are not eligible for the Optional Retirement Plan.
Supplemental Plans
In addition to the state-mandated programs, the State of Maryland offers supplemental retirement annuity (SRA) plans through several providers. Participation in an SRA is voluntary, and you may enroll/change at any time.
Contributions to your SRA are deducted from your salary on a pre-tax basis and may be changed at any time during the year.
All employees are eligible to participate in any of the Supplemental Retirement Annuity (SRA) plans offered by the following providers:
- Fidelity Investments SRA
Enrollment Forms for 403b Plan
- 403(b) Pre-Tax SRA - Deduction Authorization Form - FIDELITY
- 403(b) Roth After-Tax SRA - Deduction Authorization Form - FIDELITY
Enrollment Forms for 457b Plan
Visit the Fidelity Investments website.
- TIAA (Teachers Insurance Annuity Association) SRA
Enrollment Forms for 403b Plan
- 403(b) Pre-Tax SRA - Deduction Authorization Form - TIAA
- 403(b) Roth After-Tax SRA - Deduction Authorization Form - TIAA
Enrollment Forms for 457b Plan
Visit the TIAA-CREF website.