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Retirement Plans

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As a UMass Chan employee, you are required to participate in one of the mandatory retirement options – the Massachusetts State Employees' Retirement System (MSERS) or the Optional Retirement Program (ORP), if eligible. Contributions to these plans are in lieu of Social Security.

You also have the option of two voluntary retirement plans – the University 403(b) Plan and the 457(b) Plan/MA SMART Plan.

Please click the images below for more detailed information on your retirement plan options.



In the event that there is any inconsistency between this summary and any legal printed documents, including all plan provider legal documents, the legal documents govern. The benefit information provided is a summary of what we cover and what you pay. It does not list every service that we cover or list every limitation or exclusion. UMass Chan benefits, premiums, deductibles, and/or copayments/coinsurance may change at any time without notice. To get a complete list of services we cover, please call the health plan. Copies of plan summaries and the GIC Benefits Decision Guide are available in the Benefits Department or from the vendor(s). Also, copies of each health plan provider benefit summary are available at http://www.mass.gov/gic/.