Retirement Benefits at MUSC


State Retirement Plans	The South Carolina Retirement Systems offers three plans to MUSC employees: -SC Retirement System Traditional Plan (SCRS) -Optional Retirement Program (ORP) -Police Officers Retirement System (PORS)

Supplemental Retirement Plans	As an MUSC employee, you can save additional money for retirement in our voluntary retirement plans. MUSC offers taxed and tax-deferred plans. These plans can be started at any time of the year and accept employee contributions only. -The SC Deferred Compensation Program offers three plans designed to supplement your retirement: traditional 401(k), Roth 401(k) and 457. -Tax Sheltered 403(b) Annuity Plans are offered by five approved providers.

TERI Program	The Teacher and Employee Retention Incentive (“TERI”) program is available to all State employees who participate in the SCRS plan and meet certain eligibility requirements for retirement. TERI allows employees to retire and defer their monthly annuity to an account while they continue to work for up to 60 months.

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