What is ORP?
The Optional Retirement Program (ORP) is a defined contribution plan that is available as an alternative to the Teacher Retirement System (TRS) for full-time faculty, librarians, and certain administrators and professionals employed by Texas public institutions of higher education. ORP-eligible employees have 90 days from their first day of employment in an ORP-eligible position to make a one-time irrevocable election of ORP in lieu of TRS.
New ORP-Eligible Employees:
Read the Overview (provided by your institution and also below) as soon as possible. It contains information you need to know before your 90-day ORP election period expires. Your institution will provide you with a list of authorized ORP companies, local policies and procedures for electing ORP, and your employer contribution rate.
This webpage contains general information about ORP. Please contact your institution's Human Resources Office for specific information about the ORP plan at your institution.
Overview of TRS and ORP -- rev. August 2015
PowerPoint: Overview of TRS and ORP Slideshow
PDF Version of Slideshow: Overview of TRS and ORP--PDF of Slideshow
State Law and Rules
ORP Participation Report Summary -- FY14 data
ORP/TRS Contribution Rate History Chart -- July 2015
ORP Employer Contribution Supplement History -- rev. November 2015
Overview of ERS and ORP -- for Coordinating Board employees only
If you're not able to find an answer to your question on this webpage: Contact us
For ORP Administrators and Annual Report Preparers:
The Coordinating Board is developing an institutional ORP Administrators Contact List so that we can keep you aware of significant changes in ORP-related information and contact you individually when necessary. To be sure that you are included in the list (or to provide updates), please send an email to email@example.com indicating the following contact information: Name, Title, Institution, Email, Phone Number. Thanks for helping us keep this list up-to-date!
Annual Report Preparers:
The ORP Annual Report Online Reporting System is now open for reporting your FY15 data, which covers the period September 1, 2014 - August 31, 2015. If you have questions about accessing or using the system, please send an email to ORP@thecb.state.tx.us. If you have questions about the content of the report, please send an email to firstname.lastname@example.org. The deadline for submitting your FY15 report is November 1, 2015.