Participant Notice
Plan Amendments

            The Board of Trustees recently approved amended plan documents for all of the plans under MSRP administration:  401(k); 401(a) match; 457; and 403(b).  The restated plans are effective January 1, 2012.  The amendments are largely technical in nature, and reflect changes in tax law over the last several years.  These changes expand the definition of hardship to include certain emergencies for a non-dependent primary beneficiary of the participant; permission for a beneficiary to make a direct roll-over to an IRA; adoption of specialized rules for certain participants in military service; and explicit standards for contributing post-employment compensation such as accrued vacation pay.  The amendments also integrate into the plan document various changes adopted since 2002, such as the Roth accounts and provisions relating to the Target Date funds.

            The new plan documents are available on the Plan Descriptions page of this web site.

Thank you to all State employees who came to the Baltimore Saving$ Expo, and especially to the record numbers who attended the Expo in Annapolis. Your response justified all of our efforts to bring you all these resources and presentations - all in one place, all at the same time. If you attended but didn't get to turn in the evaluation form that day, please take a moment to complete the evaluation online by clicking this evaluation link. We appreciate your feedback and will use it to plan future events.

If you would like to review the presentations from the workshops presented at the Saving$ Expo, please click the Saving$ Expo presentation link.