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 each pay period on a pre-tax basis.  The University's contribution is currently 16.38% per pay period.  The University's contribution generally changes the beginning of each fiscal year, which is July 1st.  
 
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.the State Retirement & Pension System versus the Optional Retirement Plan.
 
updated 7/23/2015
 EDIT 

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2) Campus Overview - Objectives
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3) Campus Overview - Great Place To Work
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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) Exempt Retirement - Optional Retirement Program
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68) Exempt Retirement - Optional Retirement Program
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69) Exempt Retirement - Optional Retirement Program
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70) Exempt Retirement - Optional Retirement Program
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71) Retirement - ORP Vendor Contact Info.
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72) Supplemental Retirement Accounts
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73) Supplemental Retirement Accounts
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74) Supplemental Retirement Accounts
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75) Exempt Other Benefits - Leave Accruals
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76) Exempt Other Benefits - Tuition Remission
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77) Exempt Other Benefits - Employee Assistance Program - INOVA
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78) Conclusion
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