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The Maryland State Retirement and Pension Plans

  • 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 plan (basic retirement benefit plan) or one of the defined contribution plans (optional retirement benefit plans) 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.

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