The Optional Retirement 401(a) Plan – the “ORP” – is a defined contribution plan that academic and administrative unclassified (non-union) employees may choose in lieu of PERS membership. The ORP has been in operation since 1996 and was updated most recently on January 1, 2015. Participants have a choice of investments-plus-services programs to suit their individual retirement planning needs. The ORP offers mutual funds and both fixed and variable annuities in a participant-directed account.
Getting ready to retire?
Here are some great reasons why you might want to leave your retirement savings in the OPURP!
Seven Great Reasons to stay with Oregon Public Universities Retirement Plans