403(b) Base Retirement Program

The 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. It 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. For more detail about this and other retirement accounts available at MSU, including eligibility requirements, please review the Retirement Enrollment Guide

403(b) Plan Document
403(b) BRP Contribution Limits
403(b) BRP Eligibility