Faculty have three options for retirement:
Upon hire, Faculty are enrolled in ORP until an election is made. Employees have 90 days from their date of hire to select the ORP program. If no election is made within the 90 days, the employees then are moved into the FRS Pension Plan and have until the end of their fifth month to select between the Pension Plan and the Investment Plan with FRS.
For more details about the plans, please select the plan name from the list above.
Voluntary Retirement Plans: Faculty also have the option of electing to supplement their Retirement Plan with a variety of voluntary retirement plans. This can be done at anytime during employment.