The South Carolina Retirement Systems offers three plans to MUSC employees:
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 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. Members who are eligible to retire may participate in the TERI program until June 30, 2018 at which time the TERI program will end and the retiree must separate employment.