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The Optional Retirement Program (ORP)

  • Who is eligible for ORP?

    Eligibility for ORP is determined by the job performed. Your institution Benefits Office will notify you if you are in an ORP-eligible position. To be eligible to participate in ORP, an employee must:...

  • What is ORP?

    The Optional Retirement Program (ORP) may be chosen by certain employees as an alternative to TRS based on their appointment to certain positions. This program is a defined contribution plan governed ...

  • How do I enroll in ORP?

    To enroll in ORP, follow these steps: 1. Choose your retirement provider(s) from the currently authorized provider list. You may select more than one vendor for your ORP participation. 2. Log onto UTR...

  • If eligible, how do I choose ORP or TRS?

    All ORP-eligible employees should receive An Overview of TRS and ORP. A copy can be found at: www.utretirement.utsystem.edu/Retirement Programs.html You may also wish to discuss both options with your...

  • What does “Defined Contribution Plan” mean?

    ORP is a tax-sheltered, qualified retirement savings account. At the time of retirement, you are eligible to receive your accumulated contributions and state matching funds plus or minus investment re...

  • How does ORP work?

    Rather than contributing to TRS, a set percentage of your salary is directed to one or more of the six authorized retirement providers chosen by you at the time of your initial enrollment. Your contri...

  • When can I elect to participate in ORP?

    You have 90 days from the date you first become eligible for the ORP to make your enrollment decision. If you are reclassified and/or assume a new job and become ORP-eligible for the first time after ...