Support Staff Policies & Procedures
403(b) Retirement Plan Policy & Procedure(Revised 10/2020)
Eligibility:
Benefits eligible positions for faculty, academic staff and executive management are defined as 50% or greater employment for a continuous period of 9 months or longer. Benefits eligible positions for support staff are defined as regular full-time (90-100%) and part-time (50-89.9%) employment without an end date of less than 9 months.
The following benefits eligible employees are immediately eligible to receive the University matching contribution:
Administrative Professional Association (APA), Administrative Professional Confidential/Non-Union, Assistant Professor, Associate Professor, Coach, Contract Appointments (Coordinator, Director, etc.), Executive Management, POAM, Hall Director (University Housing), IATSE Local 274, IUOE Local 324, Librarian, MSU Extension Academic Staff (Agent, Associate, Program Director, Home Economist), Nurse, Professor, Resident Advisor, Senior Research Associate, Specialist (CAS Probationary). These employees are required to participate in the BRP when they reach age 35 and have 24 full-time equivalent (FTE) months of continuous employment.
Administrative Professional Supervisors Association (APSA), AFSCME Local 1585 (including Off-campus), AFSCME Local SSTU, Clerical Technical Confidential, Clerical Technical Off-campus, Clerical Technical Union (CTU), MSU Extension Support Staff (4-H Program Associates). These employees are required to participate in the BRP when they reach age 35 regardless of their length of service.
The following benefits eligible employees are eligible to receive the University matching contribution, after completing 24 FTE service months of continuous employment:
Fixed-Term Appointments (Specialist, Coordinator, etc.), Instructor, Assistant Instructor, Lecturer, Research Associate (hired prior to 10/1/2006), Off-campus and Non-union (except MSU Extension Support Staff). These employees are required to participate in the BRP when they reach age 35 and have 24 FTE months of continuous employment.
Research Associate (hired on or after 10/1/2006). These employees are required to participate in the BRP when they reach age 35 and have 36 FTE months of continuous employment.
Consultant, Instructor Intern/Resident, Teacher and Visiting Scholar. These employees are NEVER required to participate in the BRP.
Application for enrollment:
Changes in coverage or personal information:
Eligibility: All employees of MSU (including temporary and on-call employees, and those that are not eligible for other benefits) who receive compensation reportable on an Internal Revenue Service form W-2 are eligible to participate in the Supplemental Retirement Program, except non-resident aliens earning income outside of the United States and student employees.
Summary of benefits and features:
Application for enrollment:
Changes in coverage or personal information:
Eligibility:
Benefits eligible employees who are hired as support staff on or after July 1, 2010 are eligible to receive an additional employer contribution to the MSU 403(b) Retirement Plan that is paid by the University. Both union and non-union support staff are eligible to receive the benefit. Please see the Retiring from the University Policy and applicable collective bargaining agreement for support staff employees who have service credit with MSU prior to July 1, 2010 and were rehired on or after July 1, 2010.
Summary of benefits:
Benefits eligible support staff employees will receive a University contribution based on the employee's eligible earnings per pay period to a MSU designated retirement vendor of the MSU 403(b) Retirement Plan. The University contribution will be 0.5% for the employee's first 120 vacation service months, and 0.75% thereafter. All University contributions are 100% vested.
An account will be opened for the employee at the designated retirement vendor and the contributions will be made to a default investment option, unless the employee already has an account at the designated retirement vendor. The employee can choose to select his/her own investments from the options available at any time.
For support staff employees hired on or after July 1, 2010 and before the effective date of the applicable collective bargaining agreement of 2014 or 2015, the benefit implementation will follow the applicable collective bargaining agreement language, including any lump sum contributions.
A summary of the MSU 403(b) Retirement Plan's benefits and features is available in the online Enrollment Guide.
Refer questions to: MSU Human Resources (telephone 517-353-4434 or email solutionscenter@hr.msu.edu).
Revision History -
7/10/20 - updated the University's matching contribution percentage for executive management, non-unionized faculty, and non-unionized academic staff effective July 1, 2020.
9/9/16 - updated benefits eligible definitions, deleted outdated summary and other information, added the online Enrollment Guide and Plan Document links, added updated policy information from the former "Supplemental Retirement Plan" policy, and added new information about the Additional Employer Contribution for support staff hired on or after July 1, 2010.
5/27/16 - updated title