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Announcements

On December 7, 2011, The Certificate of Achievement for Excellence in Financial Reporting has been awarded to Maryland Teachers & State Employees Supplemental Retirement Plans (MSRP), by the Government Finance Officers Association of the United States and Canada (GFOA).

The Board of Trustees and Staff of MSRP are proud of this high honor in financial reporting. We strive to provide the most comprehensive and accurate information, in the spirit of full disclosure, for our participants and other interested parties and fully intend to continue pursuing this prestigious award every year. Click here to view the award.

Effective April 20, 2011, Vanguard Total Bond Market Index Fund - Signal Shares (VBTSX) will be available to participants of all Plans. This fund is an intermediate-term, low-cost (0.12%) bond index fund that may provide an opportunity to diversify your portfolio. Passively managed, the Vanguard Total Bond Market Index Fund may offer an alternative to the actively managed PIMCO fund already available to MSRP participants.

About Bond Investing-- When you need money, you might apply for a loan. When companies and governments need money, they often issue bonds - loans that can be invested in. Bond funds are mutual funds of bonds, a group of bonds sold as one fund. Bond funds typically deliver higher returns than CDs, money market funds, and bank accounts, but may have higher expense ratios than a comparable stock mutual fund. As with any investment, bond funds are subject to a number of investment risks including credit risk, interest rate risk, and prepayment risk. Diversifying - or spreading - your risk across a broad range of asset classes can help reduce your overall risk of investment losses. (04/2011)

On February 16, 2011 the Vanguard Total International Stock Index Fund was changed from Investor shares to Institutional shares (new ticker: VTSNX). This reduces investment management expenses to 0.15%(as published in the fund prospectus). (02/2011)

MSRP adds Socially Responsible Investment option. At its Aug. 23, 2010 meeting, the MSRP Board of Trustees voted to add the Parnassus Equity Income Fund (Institutional Shares) to the Plans' Spectrum of Investment Options, effective Oct. 18, 2010. This is a large cap core fund committed to investing from an environmental and human rights perspective. For more information about this fund, see Responsible Investing from here or from the "Employee Publications" page. Performance information, fact sheet and access to the fund prospectus can be found on www.MarylandDC.com. (10/2010)

The new Asset Rebalancing service from Nationwide and Maryland Supplemental Retirement Plans. Once activated, this optional service will evaluate your fund portfolio from the accounts [e.g., 457, 401(a), etc.] and money sources [e.g., rollovers in, transfers in, etc.] you select. All current and future money contributed to the plan through the specified accounts, money sources, and funds will be considered when the service conducts its evaluation. There is no additional fee for this optional service. Your account(s) will be evaluated on the same date every three months, and if necessary, rebalanced to the levels you select. For example, if you activate the service on August 20, your account will be evaluated and rebalanced quarterly on November 20, February 20 and May 20, or on the first market date thereafter. You may adjust your investment elections at any time, but the service follows MSRP rules and the funds that are offered through the Plans. Thus, short-term, purchase block and fixed account trade restrictions apply, and may affect how an account is rebalanced. To learn more or activate the service, call a Team MSRP Representative at 800.545.4730. (07/2010)

The MSRP Board of Trustees recently voted to revise the Spectrum of Investment Options. Effective July 14, 2010, MSRP added the Morgan Stanley Institutional Mid-Cap Growth Fund (Institutional Shares) (Ticker: MPEGX) to the fund lineup, replacing the Van Kampen MidCap Growth Fund (Institutional Shares) (Ticker:VGRAX), which was eliminated from the list of available funds due to changes in fund management. In addition to the Board's greater comfort level with the Morgan Stanley fund and its managers, the Morgan Stanley fund has an expense ratio of 0.73% as of 1/29/2010, lower than the former option - even after mutual fund reimbursement. On July 16, 2010, all assets held in the Van Kampen MidCap Growth Fund were moved to the Morgan Stanley Institutional Mid-Cap Growth Fund. Participants invested in the Van Kampen fund received information by mail in June about this change. (07/2010)

On June 16, 2010 the Vanguard Value Index Fund was changed from Investor shares to Institutional shares (new ticker: VIVIX). This reduces investment management expenses to 0.08%(as published in the fund prospectus). (07/2010)

Important information regarding plan fees. Beginning May 2010, there is a new MSRP fee of $0.50 per month for each account with a balance greater than $500 in the 457(b), 401(k) and 403(b) plans. This new fee will stabilize revenue for board operations. Please click on the following link for more information. (04/2010)

MSRP Waives Fee for Participants on Active Military Duty










	Announcements On December 7, 2011, The Certificate of Achievement for Excellence in Financial Reporting has been awarded to Maryland Teachers & State Employees Supplemental Retirement Plans (MSRP), by the Government Finance Officers Association of the United States and Canada (GFOA). The Board of Trustees and Staff of MSRP are proud of this high honor in financial reporting. We strive to provide the most comprehensive and accurate information, in the spirit of full disclosure, for our participants and other interested parties and fully intend to continue pursuing this prestigious award every year. Click here to view the award. Effective April 20, 2011, Vanguard Total Bond Market Index Fund - Signal Shares (VBTSX) will be available to participants of all Plans. This fund is an intermediate-term, low-cost (0.12%) bond index fund that may provide an opportunity to diversify your portfolio. Passively managed, the Vanguard Total Bond Market Index Fund may offer an alternative to the actively managed PIMCO fund already available to MSRP participants. About Bond Investing-- When you need money, you might apply for a loan. When companies and governments need money, they often issue bonds - loans that can be invested in. Bond funds are mutual funds of bonds, a group of bonds sold as one fund. Bond funds typically deliver higher returns than CDs, money market funds, and bank accounts, but may have higher expense ratios than a comparable stock mutual fund. As with any investment, bond funds are subject to a number of investment risks including credit risk, interest rate risk, and prepayment risk. Diversifying - or spreading - your risk across a broad range of asset classes can help reduce your overall risk of investment losses. (04/2011) On February 16, 2011 the Vanguard Total International Stock Index Fund was changed from Investor shares to Institutional shares (new ticker: VTSNX). This reduces investment management expenses to 0.15%(as published in the fund prospectus). (02/2011) MSRP adds Socially Responsible Investment option. At its Aug. 23, 2010 meeting, the MSRP Board of Trustees voted to add the Parnassus Equity Income Fund (Institutional Shares) to the Plans' Spectrum of Investment Options, effective Oct. 18, 2010. This is a large cap core fund committed to investing from an environmental and human rights perspective. For more information about this fund, see Responsible Investing from here or from the "Employee Publications" page. Performance information, fact sheet and access to the fund prospectus can be found on www.MarylandDC.com. (10/2010) The new Asset Rebalancing service from Nationwide and Maryland Supplemental Retirement Plans. Once activated, this optional service will evaluate your fund portfolio from the accounts [e.g., 457, 401(a), etc.] and money sources [e.g., rollovers in, transfers in, etc.] you select. All current and future money contributed to the plan through the specified accounts, money sources, and funds will be considered when the service conducts its evaluation. There is no additional fee for this optional service. Your account(s) will be evaluated on the same date every three months, and if necessary, rebalanced to the levels you select. For example, if you activate the service on August 20, your account will be evaluated and rebalanced quarterly on November 20, February 20 and May 20, or on the first market date thereafter. You may adjust your investment elections at any time, but the service follows MSRP rules and the funds that are offered through the Plans. Thus, short-term, purchase block and fixed account trade restrictions apply, and may affect how an account is rebalanced. To learn more or activate the service, call a Team MSRP Representative at 800.545.4730. (07/2010) The MSRP Board of Trustees recently voted to revise the Spectrum of Investment Options. Effective July 14, 2010, MSRP added the Morgan Stanley Institutional Mid-Cap Growth Fund (Institutional Shares) (Ticker: MPEGX) to the fund lineup, replacing the Van Kampen MidCap Growth Fund (Institutional Shares) (Ticker:VGRAX), which was eliminated from the list of available funds due to changes in fund management. In addition to the Board's greater comfort level with the Morgan Stanley fund and its managers, the Morgan Stanley fund has an expense ratio of 0.73% as of 1/29/2010, lower than the former option - even after mutual fund reimbursement. On July 16, 2010, all assets held in the Van Kampen MidCap Growth Fund were moved to the Morgan Stanley Institutional Mid-Cap Growth Fund. Participants invested in the Van Kampen fund received information by mail in June about this change. (07/2010) On June 16, 2010 the Vanguard Value Index Fund was changed from Investor shares to Institutional shares (new ticker: VIVIX). This reduces investment management expenses to 0.08%(as published in the fund prospectus). (07/2010) Important information regarding plan fees. Beginning May 2010, there is a new MSRP fee of $0.50 per month for each account with a balance greater than $500 in the 457(b), 401(k) and 403(b) plans. This new fee will stabilize revenue for board operations. Please click on the following link for more information. (04/2010) MSRP Waives Fee for Participants on Active Military Duty