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Retirement Plan Options

Regular Faculty and Exempt Staff

Regular faculty and exempt staff can choose between the Employees’ & Teachers’ Reformed Contributory Pension Plan and the Optional Retirement Program (ORP).  Prior membership in either retirement plan may affect selection.

• The pension plan is available through the .
• The Optional Retirement Program (ORP) is available through and

Choosing Your Retirement Plan

Review the documents below for help with choosing your retirement plan. 

• Comparison of Retirement Plan Options Chart (PDF)

For more information about the Maryland State Retirement and Pension System, you can . 

For more information on ORP, you can schedule an appointment for a one-on-one consultation with a or .

Non-Exempt Staff

Non-exempt staff must join the pension plan available through the .

Law enforcement officers are required to join the (PDF) available through the and should contact the Employee Benefits unit in the Office of Human Resources for additional information.

How to Apply

Forms, handbooks and more information about applying for the pension plan and the ORP are provided here.

Pension Plan

•  (proof of birth is required)

ORP

• ORP Vendor Selection Form (PDF)

Thinking of Retiring?

Pension participants:

• Attend a
• Run a benefits estimate through your MySRPS portal.  Go to and click on MySRPS log in located in the top right corner.

ORP participants:

• ORP Pre-retirement Check List (PDF)
• Set up a meeting with your vendor.  Scroll down to the Schedule An Appointment section below.

Ready for paperwork or have planning questions?  Please request an appointment with our Retirement Benefits Specialist via email hrbenefits AT_TOWSON 

Voluntary Supplemental Retirement Plans 

All faculty and staff are eligible to contribute pre-tax and Roth (after-tax) dollars through payroll deduction to supplemental retirement plans offered through  following vendors: Fidelity Investments, Nationwide Retirement Solutions, and TIAA. 

Participation is voluntary and may be initiated any time during the year. IRS calendar year contribution limits apply to all accounts.  Contribution limits are as follows:

Type	2024	2025
401(k)/403(b)	$23,000	$23,500
457(b)	$23,000	$23,500
Age 50+ Catch-up	$7,500	$7,500

• Supplemental Retirement Plan Contacts (PDF)
• Pre-Tax Supplemental Retirement Comparison (PDF)
• After-Tax Supplemental Retirement Comparison (PDF)
• Employees’ Pension System Supplemental Retirement State Match FAQ (PDF)

Getting Started

To initiate, change or cancel a supplemental retirement account, please complete the appropriate form below. 

1

Review the plan guides and select the appropriate form.

• Fidelity Investments – Supplemental 403(b) Pre-Tax Deduction Authorization Form (PDF)
• Fidelity Investments – Supplemental 457(b) Pre-Tax Deduction Authorization Form (PDF)
• Fidelity Investments – Supplemental 403(b) Roth After-Tax Deduction Authorization Form (PDF)
• TIAA – Supplemental 403(b) Pre-Tax Deduction Authorization Form (PDF)
• TIAA – Supplemental 457(b) Pre-Tax Deduction Authorization Form (PDF)
• TIAA â€“ Supplemental 403(b) Roth After-Tax Deduction Authorization Form (PDF)
•  (contact Nationwide to enroll)

2

Select the Payroll system. 

You will select either Regular or Contract, depending on your employee status.  

3

Add TU's agency number.

TU's agency number is 360224.

4

Submit your form.

Return your completed form via our secure file drop,

Schedule an Appointment

You can schedule an appointment for a one-on-one consultation with a retirement vendor representative to get more information about voluntary supplemental retirement plans.