2017 Retirement Benefit Statements Now Available on PenPoint
ERSC
Posted On September 6, 2017
Employees’ MCPS Retirement Benefit Statement as of June 30, 2017, is now available on PenPoint, the MCPS self-service, online retirement system.
Each fall, eligible MCPS employees receive access to a statement of retirement benefits containing important financial and retirement service information for retirement planning. Your statement shows personal data such as plan membership, the dates you become eligible for normal and early retirement, and your projected retirement benefits.
If you are a member of the Maryland State Teachers’ Pension/Reformed System (state core plan), you should receive an annual retirement benefit statement from the Maryland State Retirement Agency in September. Access your MCPS supplemental plan via PenPoint.
In addition to providing your benefit statement, PenPoint allows you to view your projected early and normal retirement benefit amounts. Even better, you are able to run your own retirement estimates based on other scenarios and see the projected benefit amounts and payment options.
You can access PenPoint from the MCPS Retirement Planning web page. There you will see the PenPoint logo, a login button, and a link to video demonstrations that will show you how to use the system. You also can access PenPoint from Employee Self-Service (ESS) or by searching PenPoint from any MCPS webpage.
To log in to PenPoint from the Retirement Planning webpage, click on the login button, and enter your MCPS username and password. This is the same username and password you use to log in to your MCPS Outlook email account. From ESS, click on PenPoint under the orange My Retirement banner and log in. Once logged in, you will find a tutorial and a guide containing frequently asked questions and a glossary to help you navigate the system.
If you have questions about your retirement statement or need clarification on a PenPoint estimate, contact the Employee and Retiree Service Center at 301-517-8100, Monday through Friday, between the hours of 8 a.m. and 4:15 p.m., or by email.
Links to a variety of resources to help you save for the future and better understand your retirement planning options are available within PenPoint or on the Retirement Planning web page.
