Optional Retirement Plan (OPR)
The Optional Retirement Plan, a defined contributions
plan established during the 1989 legislative session, is an alternative
retirement plan available to academic or unclassified employees
of public institutions of higher education. The ORP allows portability
of retirement contributions because the retirement benefit plan
is provided by a private carrier.
Employees who are interested in the ORP should contact the Department
of Human Resources. A pamphlet comparing the benefits of TRSL's
retirement plans and an ORP is available.
The decision to participate in the ORP is irrevocable; that is,
members who choose the ORP can never change their minds and join
TRSL.
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