The Maryland Teachers and State Employees Supplemental Retirement Plan (MSRP) provides a match to eligible employees’ contributions to the 457(b), 401(k) and 403(b) retirement plans. For every dollar you contribute, the State will contribute a dollar on your behalf up to a $600 maximum. At the beginning of each fiscal year, the match starts over.
To be eligible, you must be a full-time or part-time State employee and a member of the State Employees’ Alternate Contributory Pension Plan. Once you’re enrolled in the MSRP Plans, the match will automatically begin. To get the full $600 match, you need to contribute at least $600 per fiscal year. That’s only $24 per pay period.
NOTE: The amount of the match may change from year to year through legislative action. The match is currently suspended.
Get the help you need
Talk to a Team MSRP Retirement Specialist if you have questions about plan options.