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You have immediate rights to your entire account balance when you separate from all covered employment or docHub age 59. Unlike the South Carolina Retirement System (SCRS), which serves as an alternative to State ORP, there is no disability protection.
The State Optional Retirement Program (State ORP) is a defined contribution retirement plan for employees of state agencies, public and charter school districts and public higher education institutions.
(The ORP is in fact a cousin of the 401(k). It is technically a 403(b) retirement account.) You and your employer both contribute to an account, and then you, or your financial advisor, have responsibility for investing the funds in that account.
Optional Retirement Program (ORP) is a defined contribution plan governed by Internal Revenue Code Section 403(b).
The SUNY Optional Retirement Program (ORP) is a defined contribution New York State Public Retirement Plan.
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ORP is a defined contribution plan that is similar to a 401(k) plan with employer matching contributions. The ORP participant and employing institution make mandatory monthly contributions using percentages of salary that are established by the state legislature and subject to change.
ORP: ORP-eligible employees at Texas public institutions of higher education may elect to participate in the Optional Retirement Program (ORP) as an alternative to TRS. Limited ORP Election Period. You have a one-time opportunity during your employment in Texas public higher education to choose between TRS and ORP.

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