We have fantastic news to share! On July 1, 2023, the state of Maryland will reinstate the highly popular match program, providing an opportunity for even greater retirement savings.
For every dollar you defer or contribute, the state will contribute a dollar on your behalf, up to a maximum of $600 each fiscal year.
If you are a member of the Maryland State Employees' Pension System, you can take advantage of this program by contributing to any USM Supplemental Retirement Account (SRA) administered by TIAA, Fidelity, or MSRP Nationwide.
Please note: Those enrolled in the Teacher Pension, LEOPS, or Optional Retirement Plan (ORP) are not eligible.
If you meet the eligibility criteria but are not currently contributing to the SRA, we strongly encourage you to consider participating. To sign up, go to the Supplemental Retirement Account website to access the procedures and forms.