Retirement - State Retirement & Pension System

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Retirement - State Retirement & Pension System

The State Retirement & Pension System of Maryland (SRPS) is a defined benefit plan, which provides a guaranteed benefit upon retirement based on years of service and the average final compensation. 
 
Contributions
The current employee contribution is 7%, which is deducted on a pre-tax basis.  The University's contribution is currently 15.71%. The University's contribution generally changes the beginning of each fiscal year, which is July 1st.  Contributions are processed during the academic year.     
 
Investment Management
The assets of the SRPS are invested by professional investment managers who are selected and monitored by the Board of Trustees of the State Retirement & Pension System.  Any investment losses or funding shortfalls are the responsibility of the State of Maryland.
 
Since the assets are managed by investment professionals, you are not responsible for managing the account.  This means that you do not need to determine where the funds will be invested.
 
updated 7/23/2015
 
 EDIT 

   New Employee Orientation

    - Tenure Track Faculty
1) Welcome to SU
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2) Campus Overview - Objectives
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3) Campus Overview - Great Place To Work
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4) Campus Overview - Salisbury University Background Info
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5) Campus Overview - Organizations
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6) Campus Overview - Mission
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7) Campus Overview - Core Values
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8) Campus Overview - EEO/AA
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9) Campus Overview - Institutional Equity Website
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10) Campus Overview - Policies
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11) Campus Overview - Org Chart
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12) Campus Overview - EE Services and Info
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13) Campus Overview - Gull Card
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14) Campus Overview - Parking
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15) Campus Overview - Campus Map
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16) Campus Overview - Payroll Website
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17) Campus Overview - Dining Options
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18) Campus Overview - Library, Bookstore, ATM
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20) Campus Overview - Green Campus
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21) Campus Overview - Smoke Free Campus
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22) Campus Overview - University Police
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23) Campus Overview - Occupational Safety
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25) Campus Overview - Sustainability
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26) Campus Overview - HR Mission
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27) Campus Overview - HR Website
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28) Campus Overview - Employee Discounts
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29) Campus Overview - Wellness
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30) Campus Overview - Employee Recognition
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31) Campus Overview - The Directory
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32) Health and Retirement Benefits
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33) Health Benefits - Intro
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34) Health Benefits - Affordable Care Act
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35) Health Benefits - Affordable Care Act
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36) Health Benefits - Medical Intro Guide
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37) Health Benefits - Medical Intro Guide
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38) Health Benefits - Medical Intro
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39) Health Benefits - Medical General Info.
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40) Health Benefits - Dependent Documentation
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41) Health Benefits - Medical PPO
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42) Health Benefits - Medical EPO
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43) Health Benefits - Wellness Program
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44) Health Benefits - Behavioral Health
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45) Health Benefits - Rx CVS Caremark
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46) Health Benefits - Dental
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47) Health Benefits - Flex (FSA)
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48) Health Benefits - Term Life
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49) Health Benefits - AD&D Insurance
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50) Health Benefits - LTC-Prudential
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51) Health Benefits - Unum
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52) Health Benefits - Unum
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53) Health Benefits - Unum
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54) Health Benefits - Unum
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55) Health Benefits - Unum
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56) Health Benefits - Unum
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57) Retirement - General
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58) Retirement - General
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59) Retirement - State Retirement & Pension System
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61) Retirement - State Retirement & Pension System
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62) Retirement - State Retirement & Pension System
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63) Retirement - State Retirement & Pension System
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64) Retirement - State Retirement & Pension System
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65) Retirement - State Retirement & Pension System
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66) Retirement - Optional Retirement Plan
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67) Faculty Retirement - Optional Retirement Program
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68) Faculty Retirement - Optional Retirement Program
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69) Faculty Retirement - Optional Retirement Program
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70) Faculty Retirement - Optional Retirement Program
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71) Faculty Retirement - Optional Retirement Program
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72) Retirement - ORP Vendor Contact Info.
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73) Supplemental Retirement Accounts
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74) Supplemental Retirement Accounts
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75) Supplemental Retirement Accounts
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76) Faculty Other Benefits - Leave
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77) Faculty Other Benefits - Tuition Remission
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78) Faculty Other Benefits - Employee Assistance Program - INOVA
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79) Conclusion
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