How Do I Notify You of My Military Leave?
When you volunteer or are required to take military leave, please contact us to update your status. A Team MSRP representative will walk you through the information we’ll need and answer any questions you may have.
Waiver of asset fee
Military personnel who participate in the Maryland 401(k), 457, 403(b) and/or 401(a) match supplemental retirement plans will not be charged an asset fee during the time he/she is on active duty. To suspend asset fees, we’ll need a copy of your military orders before you leave for service.
Loans and repayments
If you’re in the process of repaying a loan when you are called to active duty, you may be able to suspend making repayments while serving. If repayment is deferred, the outstanding loan balance – including interest and any fees – will be recalculated when you return from active duty. You can then resume payment on your loan under a new loan agreement or pay the balance in full. To suspend loan payments, we’ll need a copy of your military orders before you leave for service.
Qualified military make-up deferrals
When you return from active duty, you’re also eligible to make Qualified Military Make-up deferrals for up to the same amount that you could have deferred had your State employment not been interrupted by your military service. You can begin your make-up deferrals in the calendar year that you return from military service, but you might benefit by waiting until January of the next calendar year. That way you can spread out the deferral amount over a full year instead of just a few months.
To take advantage of Qualified Military Make-up deferrals when you return, you’ll need the following:
- Qualified Military Service Make-up form (PDF)
- Military Orders
Please contact us when you return from military service to receive a copy of the Qualified Military Make-up form.
Active duty military time may also count towards your pension. Please contact the State Retirement Agency at www.sra.state.md.us for more information.
Get the help you need
Talk to a Team MSRP representative for more information.