Bring your completed retirement forms and all specified information to your meeting with the Benefits Manager. Enrollment in a retirement plan is mandatory.
Retirement Plans
FSU retirement plans are based upon exemption status and employment classification, i.e., Nonexempt, Exempt, or 12-month Faculty. Please refer to your appointment letter for employee status or contact the Office of Human Resources at (301) 687-4106.
- Nonexempt Employees - Nonexempt employees must enroll in the pension plan, which is managed by the Maryland State Retirement and Pension System (MSRPS).
- Exempt Employees & Faculty Employees - Faculty and exempt staff 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.
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. All employees are eligible to participate in any of the Supplemental Retirement Annuity (SRA) plans offered by the following providers:
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