The State matching contribution to ORP, as with TRS, is automatically tax deferred. The employee and employer ORP contribution amounts are subject to change as a result of future legislation. ORP participation credit is not earned for a year in which an employee does not contribute to ORP for at least the length of a full long semester or a period of 4.5 months. The employee's contribution is specified by the Federal government, and an equal amount is matched by the University. Any employee of the University desiring detailed information concerning contributions, benefits, or other information on the Social Security Program should call upon the nearest Social Security Office.
Federal law prohibits release of personal information to anyone but the individual concerned.
The Human Resources Department will assist any employee with obtaining information upon request. Participation in the TDA program is voluntary. Salary withheld is invested in fixed or variable annuities, savings and loan investment plans, or mutual funds as desired by the employee. Companies must be selected from a list approved by the State Comptroller. Participation in the DCP is voluntary.