These contribution are spread over 20 pay periods. There are no employee contributions to these plans. Early retirement, disability and death benefits are based upon the employee s ORP account balances, though a federal penalty tax may apply. Employees are always fully vested in their total account balance. These plans enable employees to supplement their retirement income by contributing a portion of their salary before taxes to an investment plan of their choice.
Employees can choose from among several investment options within each plan.
Brochures describing each plan are available in the Office of Human Resources. Annual leave is leave which can be used for any reason, the most common being vacation. All eligible employees accrue annual leave at a fixed rate, based on years of service or job title. Nonexempt employees earn 10 days per year for the first five years, with additional days added at the fifth , 10th and 20th years of service, until the maximum of 25 days per year is reached. Exempt employees earn 22 days per year, with addition 3 days added at the 21st year, until a maximum of 25 days per year is reached.