Retirement Plans

• Maryland State Teacher’s Pension System (7% contributory)
• Optional Retirement Plan (non-contributory)
• Baltimore County Employees’ Retirement System (7% contributory)

This plan provides another opportunity to save for retirement and reduce your taxable income because your contributions are deducted on a pre-tax basis. Voya Financial Advisors, Inc. is the vendor.

Information and applications are available from the Human Resources office upon request. A deferred compensation salary reduction authorization form is needed. This form is available in SharePoint/Forms/Human Resources Form. By enrolling, you also have access to financial planners who can meet with you and provide financial guidance contacts.

All employees are eligible for Tax Sheltered Annuities (403(b) plans), and a number of companies offering such annuities have been approved for payroll reduction.  A deferred compensation salary reduction authorization form is needed. This form is available in SharePoint/Forms/Human Resources Form.