Benefits

403(b) Supplemental Retirement Plan

When you retire, you may need income for 20, 30, or more years. While the Base Retirement Plan and Social Security may help cover basic living expenses, participating in the Supplemental Retirement Plan may help add to your retirement savings. MSU offers a voluntary, tax-deferred Supplemental Retirement Plan (SRP). This plan is funded entirely by employee contributions on a pretax basis. Your contributions are deducted from your salary before taxes are taken out. You also pay no taxes on the earnings in your SRP until you withdraw funds from the account. You may enroll in the SRP and change or cancel the amount of your contribution at any time.