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Retirement for Exempt Employees
Retirement Vendors
State law mandates that new employees become a member of one of the pension or retirement plans available either through membership with the Maryland State Teachers/Employees Pension Plan or one of the two (2) optional retirement plans: FIDELITY or TIAA. In addition, employees selecting the Maryland State Teachers/Employees Pension Plans are required to make a 7% mandatory contribution on a bi-weekly basis.
For more information click on the retirement plan options below:
- All State employees, including contractual employees, are eligible to contribute to either the 401(k), 403(b) or 457(b) plans. Contributions are made on pre-tax dollars deducted from the employee's salary.
- No taxes are paid on the contributions or earnings until the funds are withdrawn.
- Supplemental retirement accounts are available with TIAA/CREF and Nationwide Retirement Solutions.
- All State employees, including contractual employees, are eligible to participate in the deferred compensation plan with Nationwide Retirement Solutions. This plan allows you to defer both a portion of your income and the payment of taxes you would normally pay on that income until a later date.
- Types of investments generally include: mutual funds, common stock mutual funds, fixed annuities and growth stock funds.
- There is a minimal deferral deduction amount of $10.00 per month.
Contact Information
Office of Human Resources
Morgan State University
Tyler Hall, Suite 505
1700 E. Cold Spring Lane
Baltimore, Maryland 21251
P: 443-885-3195
F: 443-885-1204
E: ohr@morgan.edu
Contact Information
Office of Human Resources
Morgan State University
Tyler Hall, Suite 505
1700 E. Cold Spring Lane
Baltimore, Maryland 21251
P: 443-885-3195
F: 443-885-1204
E: ohr@morgan.edu