403(b) Base Retirement Program

The 403(b) Base Retirement Program (BRP) is available to regular MSU employees working at least half-time (50% or more) for at least nine continuous months. It is a defined contribution plan operated under section 403(b) of the Internal Revenue Code.

This plan consists of an employee contribution of 5% of your applicable salary and a university matching contribution of 10% of your applicable salary - an immediate two for one match of your investment - for a total contribution of 15%. Your 5% contribution is made on a tax-deferred basis. Since contributions are taken out before taxes, you pay less tax on your current income. You do not pay taxes on either contributions or earnings until you begin receiving your retirement income from the plan. Since contributions are fully and immediately vested, you have full ownership of your account from day one.