State Board Retirement Plan | sbrp
TheStateBoardRetirementPlan(SBRP)isatax-deferreddefinedcontributionplanthathelpsyousaveforretirement.EligibleemployeescanstartparticipatingintheSBRPontheirfirstdayofemploymentinaneligibleappointment.Youremployerhelpsyousaveevenmoreforretirementbyproviding100percentmatchingfundstoyourcontributions.Boththeemployerandemployeecontributionsareimmediatelyvested,andtheplanis100percentportableifyoumovebetweenparticipatingemployersorleavethecommunityandtechnicalcollegesystem.FortheSBRPplan,"vested"me...
The State Board Retirement Plan (SBRP) is a tax-deferred defined contribution plan that helps you save for retirement. Eligible employees can start participating in the SBRP on their first day of employment in an eligible appointment.
Your employer helps you save even more for retirement by providing 100 percent matching funds to your contributions. Both the employer and employee contributions are immediately vested, and the plan is 100 percent portable if you move between participating employers or leave the community and technical college system.
For the SBRP plan, "vested" means you are eligible to receive all contributions and accumulations if you terminate employment from all plan employers. SBRP o...