Pension and Retirement
Welcome to the Montana University System (MUS)! The retirement information provided is to help you make an informed decision regarding your future and retirement. Please know it is important when you are making your retirement planning decisions to take into account your individual financial situation and to begin planning early. The MUS recommends discussing your options with your financial advisor. Please review all of the retirement information carefully.
Retirement Plan Choices
As an eligible employee of the MUS you may have a choice* for your mandatory retirement plans. Please contact your campus Human Resources/Benefits office to determine your retirement options:
- Montana University System Retirement Plan (MUS-RP)
- Montana Public Employees' Retirement System (PERS) - Defined Benefit or Defined Contribution
- Teachers' Retirement System (TRS)
Supplemental Retirement Plan Choices
In addition to your tax-deferred mandatory retirement plan, the MUS also offers a tax-deferred supplemental 403(b) retirement plan.
MUS Retirement Plan Documents
- MUS 401 Investment Policy Statement
- MUS 401(a) Plan Document
- MUS 403b Investment Policy Statement
- MUS 403b
- MUS 403b Salary Reduction Form
- MUS 15 Years Service Worksheet
Disclaimer: Please read carefully. The information on this website provides an overview of
the Montana University System Retirement Plan (MUS-RP), Public Employees’ Retirement
System (PERS) and the Teachers’ Retirement System (TRS) based on the MUS’s understanding
of applicable legislation, as amended and as affected by judicial decisions. The
description of the MUS-RP, PERS and TRS plans are therefore subject to modification.
Should any information on this website conflict with statute or rules, the statute
or rules will apply. The MUS does not provide professional financial or tax-related
services. We encourage you to compare your retirement choices based on your personal
situation and to consult with a financial planner and/or tax advisor as needed.
* If you are in an academic or a professional administrative personnel position and
are an active, inactive or retired member of the TRS or the PERS you may have a choice
of remaining in your current retirement system or becoming a member of the MUS-RP.
If you are eligible, written election to move to the MUS-RP must be done within 30
days of becoming eligible to participate or you will remain in your current retirement
plan. Please contact either TRS or PERS to discuss your options before you make any
decisions.