Human Resources301 Howell-McDowellMorehead, KY 40351Phone: 606-783-2097Fax: email@example.com
Payroll310 Howell-McDowellMorehead, KY 40351Phone: 606-783-2145 Fax: 606-783-5066
MSU's retirement benefits help you build long-term savings and a source of income after you retire from the University. The faculty and staff retirement plans provide opportunities for you to plan for your future today. Employees will participate in one of four retirement plans. For retirement plan details, click on one of the plans listed below. Additionally, employees may supplement their university retirement plan by contributing to a 403b retirement plan on a voluntary basis.
For employees in positions that do not require a Bachelor's Degree.
Non-Hazardous members hired prior to September 1, 2008:The requirements for an Unreduced Benefit are:
The requirements for a Reduced Benefit are:
Non-Hazardous members hired on or after September 1, 2008:The requirements for an Unreduced Benefit are:
Employee Contribution Rate 5%
Employer Contribution 38.77%
Employees with a participation date on or after September 1, 2008 contribute an extra 1% to be deposited into the Insurance Fund
Retirement income is based on member's contributions and years of service. For information on the appropriate formula to calculate monthly benefit see https://kyret.ky.gov.
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For Public Safety Officers and other qualified Public Safety employees.
Hazardous members hired prior to September 1, 2008:The requirements for an Unreduced Benefit are:
Hazardous members hired on or after September 1, 2008:The requirements for an Unreduced Benefit are:
Hazardous Employee Rate (1)- 8%
Employer Rate 26.34%
Employee Rate(1) Employees with a participation date on or after September 1, 2008 contribute an extra 1% to be deposited into the Insurance Fund. These employer contribution rates reflect the ten-year phase-in of the insurance portion of the rate that is required by KRS 61.565(6). These CERS employer contribution rates will become effective July 1, 2013.
Effective July 15, 1998, "final compensation" for member means the three fiscal years in which the member had the highest average monthly salary. For additional information and formula to calculate monthly benefit, see https://kyret.ky.gov
For employees in positions requiring a minimum of a Bachelor's Degree. Visit the KTRS website for more information.
For employees in positions requiring a minimum of a Bachelor's Degree.
For employees in positions requiring a minimum of a Bachelor's Degree Summary:
*Available to Faculty and Administrative Staff employed on or after July 1, 1996.
The ORP does not offer disability retirement or retiree group medical insurance.
TIAA-CREFFive Concourse Parkway Suite 2700Atlanta GA 30328-61041-800-842-2003
VALIC2919 Allen ParkwayHouston TX 770191-800-448-9033
VOYA Formerly ING150 Fourth Avenue NorthSuite 410Nashville, TN 37219855-ONE-VOYA
FidelityPO Box 770002Cincinnati, OH 45277-00901-800-868-1023
Voluntary Supplemental Retirement
Voluntary contributions may be made by payroll deduction into a supplemental retirement plan through a Salary Reduction Agreement with MSU. These contributions are pre-tax through Internal Revenue Code Section 403b and 457b.
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