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2023 Retirement Benefit Statements Available on PenPoint

Posted On August 30, 2023
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Retirement benefit statements as of June 30, 2023, are 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. The statement shows personal data such as plan membership, the dates an employee becomes eligible for normal and early retirement, and projected retirement benefits.

Members of the Maryland State Teachers’ Pension/Reformed System (state core plan) can access their annual retirement benefit statement from the Maryland State Retirement Agency via mySRPS. They can access their MCPS supplemental plan via PenPoint.

In addition to providing a benefit statement, PenPoint allows staff to view their projected early and normal retirement benefit amounts. Even better, employees can run their own retirement estimates based on other scenarios and see the projected benefit amounts and payment options.  

PenPoint can be accessed from the MCPS Retirement Planning webpage. There, you will see the PenPoint logo, a log-in button and a link to video demonstrations that show 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 log-in button, and enter your MCPS username and password. 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 navigate the system.

For questions about retirement statements or clarification on a PenPoint estimate, contact the Employee and Retiree Service Center at 301-517-8100, Monday through Friday, between 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 retirement planning options are available within PenPoint. Employees can also access the latest retirement webinars on the Retirement Planning webpage.