Prince George's County Public Schools
Retirement Plan

The Mentor, Maryland State Retirement and Pension System Newsletter

Employees Hired on or Before June 30, 2011 Employees Hired on or After July 1, 2011
Vested retirement after five (5) years of service Vested retirement after ten (10) years of service
After vested, guaranteed monthly benefit for life at retirement age After vested, guaranteed monthly benefit for life at retirement age
Eligible for full service retirement at age 62 or with 30 years of service

Eligible for full service retirement with at least 90 years of combined age and  years of eligibility service. For example:            
            
Age 57 with 33 years of service,
            Age 60 with 30 years of service,
            Age 63 with 27 years of service

Early retirement at age 55 with 15 years of service (with a penalty of 6% for each year under the age of 62) Early retirement at age 60 with at least 15 years of service (with a penalty of 6% for each year under the age of 65)
Maryland State Retirement-Welcome to the Employees' and Teachers' Pension System (Hired on or before 6/30/2011) - video

Maryland State Retirement-Welcome to the Employees' and Teachers' Pension System (Hired on or after 7/1/2011) - video

Maryland State Retirement-Understanding Your Personal Statement of Benefits (PSB) - video

 

This summary is intended only as an overview of the benefits PGCPS offers.  The contract governs the administration of the benefits.