Pension Plan - Maryland State Retirement & Pension System
As the core retirement plan, employees are mandatorily enrolled (some exceptions apply) into either the Maryland State Teacher or Employee Pension system. Employees contribute 7% of their pre-tax earnings into the plan.
Supplemental Retirement Program
Employees are also provided the opportunity to participate in a 403(b) or 457(b) supplemental retirement savings plan to augment the pension plan. Employee contributions of their choice are withheld from pay on a pre-tax basis. WCPS works with four investment providers to offer 403(b) programs, and one investment provider with the 457(b) plan.