|Contribution:||6.5% of salary before taxes. In addition, employer contributes 5% directly to the investment provider. You are vested immediately which means the money MUSC contributes is yours to take with you from day one. Election of membership is permanent until you separate employment.|
Review detailed plan information on each of the ORP providers.
Participants may irrevocably change to the SCRS plan during the designated open enrollment period of January 1 - March 1 each year if from their intial enrollment they have at least 12 months of participation by March 1, but no more than 60 months. This change may not be made at any other time.
|Withdrawal Restrictions:||The ORP is regulated by the IRS. Please check with your investment provider if you have questions regarding withdrawals.|