Optional Retirement Program (Prior to July 1 2011)
The ORP is a defined contribution plan which provides benefits based on your account balance at retirement. Your ORP account is made up of contributions from the University and any accumulate investment earnings. You choose an investment vendor when you join the plan, and you can invest your account among that vendor’s approved investment options. The growth of your account balance will determine the retirement you will receive.
Contributions to the ORP
Optional Retirement Program
Employees and Teacher Alternate Pension System
Employees’ And Teachers’ Alternate Pension System
How SRPS Benefits Are Determined
The SRPS is the State Retirement and Pension System defined benefit plan that provides benefits based on a specific formula. This formula takes into account your years of creditable service and your final average salary. When you retire, you have several payment options to choose from.
Employees and Teachers Retirement Systems
Employees’ And Teachers’ Retirement System
How SRPS Benefits Are Determined
The SRPS is the State Retirement and Pension System which provides defined benefit plan benefits based on a specific formula. This formula takes into account your years of creditable service and your final average salary. The Employees’ and Teachers’ Retirement System was closed to new members as of January 1, 1980.
State Retirement and Pension System
- Individuals who enrolled in a state retirement program before January 1, 1980 may be members of the Teachers’ Retirement System or the Employees’ Retirement System.
Investing in Staff Fearlessly Forward Awards
New Employee Onboarding
Welcome to the University of Maryland!
We’re excited to have you join our vibrant campus community! Your journey at UMD is more than just a new job—it’s an opportunity to thrive in a dynamic and supportive environment.
Our New Employee Onboarding program is designed as a comprehensive, planned approach to help you integrate into the UMD community. While orientation is a vital first step, onboarding encompasses much more, providing you with the tools, resources, and connections you need to succeed.
FAQ
New Employee Orientation – Frequently Asked Questions
Performance Review
Performance Review and Development (PRD)
Performance management is an essential part of a supervisor’s responsibility. Employees also play a significant role in monitoring and improving their own performance. PRD is a system that includes both review, and training and development. PRD is also a mechanism to provide ongoing interaction, to recognize good performance, and to identify training and development needs.
Learning Opportunities
We support the campus community by providing learning opportunities that enhance leadership, supervision, and workplace skills.