South Carolina Retirement System (SCRS)
Optional Retirement Plan (ORP)
The pre-tax contribution amount is determined and set by the SC Public Employee Benefits Authority.
Benefit With Either Plan
You have 30 days from your hire date to select a plan.
If you have the opportunity to participate and do not select a plan, you will automatically default to Non-Membership.
If you select or are defaulted to Non-Membership, you will only be eligible to select a retirement plan if you are assigned to a position that requires participation such as a Faculty or Postdoctoral Scholar position.
Per SC Code of Laws, election of membership is permanent until you separate employment which means you cannot cease contributions at a later time.
Retirement contributions will begin to be withheld from your paycheck as “Undecided” until you elect a plan.
Please review the “Select Your Retirement” brochure on the MUSC Residents website for detailed information on each plan.
You can also watch an overview of the plans:“Its Your Choice: SCRS Plan or the State ORP”
July 1, 2014 (for residents who begin employment 7/1)
Initial New Hire Period
May make a change to any insurance within 31 days of your hire date
ACGME Institutional Requirements
The MUSC Resident webpage contains resources should you need health or disability insurance prior to your MUSC benefits beginning on 7/1.
*THE INFORMATION CONTAINED IN THIS PRESENTATION IS MEANT TO BE AN OVERVIEW. EMPLOYEES ARE RESPONSBILE FOR READING BENEFIT DETAILS FOUND IN THE INSURANCE BENEFITS GUIDE
Family Covered by State Insurance
Transfer from another State Entity
Enables you to deduct certain expenses before Federal, State, and FICA taxes are calculated-
resulting in higher take home pay and lowering your taxable income!
Pre-tax Insurance Premiums (Eligible Immediately)
Dependent Care Spending Account (Eligible Immediately)
Medical Spending Account (Eligible after 1 year of employment and must wait until October of that year to enroll)
medical, dental, and prescription expenses ($2,500 maximum)
March 15th of the following year are forfeited.
MUSC Health Plan Information
Effective January 1, 2010, the SC Budget and Control Board has approved a
monthly surcharge be added to the health insurance premiums of tobacco users.
The subscriber is charged based on the level of health insurance.
Employees are required to certify whether they, or anyone covered on their
insurance, are tobacco users. A non-tobacco user is someone who has not
used tobacco within the past six months. Tobacco use is smoking tobacco in
such forms as a cigarette, pipe or cigar, or using smokeless tobacco, such as
snuff or chewing tobacco (nicotine chewing gum is excluded).
If you fail to complete the certification you will automatically be charged the tobacco-user premium based on your level of health insurance coverage. Once the certification is completed, the lower premium will be effective the first of the month after the certification is received.
-If a subscriber certifies that all dependents covered are non-tobacco users and it is determined that you or any of your covered dependents have used tobacco products within the past six months or started using tobacco products after the date of your certification as non-tobacco user(s), and you did not notify EIP, you will be subject to penalties including, but not limited to:
-Payment of the additional surcharge, plus a 10-percent penalty, for each month since your last certification
-Elimination of the out-of-pocket maximum for the current and the subsequent year.
* included in medical premiums
Vision Care Discount Program
Class I - Preventive Services:
Class II - Basic Services:
Class III - Prosthetics:
Class IV – Orthodontia :
amount paid for a covered service.
Please review the Classes of Dental Procedures in the
Insurance Benefits Guide.
Dental premiums can be found on the
MUSC Residents Website.
Please review life insurance benefits in the
Insurance Benefits Guide.
Life insurance premiums can be found on the
MUSC Residents website.
With Employee Coverage
Without Employee Coverage
Dependent life insurance premiums can be found
on the MUSC Residents website.
Spouse life insurance premiums are based on the employee’s age.
(Within 31 days of your hire date)
Qualifying Event Changes
(31 Days from Date of Event)
The following changes are allowed anytime during the year with medical evidence of good health:
The following changes are allowed anytime during the year:
OCTOBER 1st – OCTOBER 31st
Changes made during October
will be effective January 1st
of the following year
OPEN ENROLLMENT-every year
OPEN ENROLLMENT-odd numbered years
Please return all forms in the packet you receive from Human Resources as directed in the instructions. Even if you are undecided on some selections, please sign and return the forms to the Benefits Office. Our counselors will process your paperwork and meet you at your Orientation to obtain information that was incorrect or omitted.
If you need assistance selecting your benefits, please do not hesitate to contact your counselor for more information. We look forward to meeting you in person at Orientation!