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
• Who to Contact -- May 2016 -- NEW
• Retirement Information for ORP Participants -- May 2016 -- NEW
• FAQs -- coming soon
• ORP Eligibility Chart -- rev. May 2015
• ORP Election Period Calculator -- November 2015
• Current ORP Contribution Rates -- rev. February 2016
• IRS Dollar Limitations on 403(b) Contributions -- rev. October 2015
State Law and Rules:
• Chapter 25, Coordinating Board's ORP Rules:
• Link to Texas Administrative Code
• View/download PDF version
• Chapter 830, ORP Statute (Texas Government Code)
• Selected ORP-related State Legislation
• ORP-related Attorney General's Opinions
• ORP Participation Report Summary -- FY15 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
• Teacher Retirement System (TRS)
• TRS Benefits Handbook
• IRS Publication 571 -- Tax-Sheltered Annuity Plans (403(b) Plans)
• IRS Publication 575 -- Pension and Annuity Income
• Social Security Administration -- info on WEP and GPO
If you're not able to find an answer to your question on this webpage: Contact us
Proposed Amendments to Chapter 25: The Coordinating Board is proposing amendments to Chapter 25--Optional Retirement Program (ORP). The intent of these amendments is to incorporate changes in state law and IRS-related interpretations, make technical corrections, and add clarifying language. The proposed amendments were published in the May 20, 2016, edition of the Texas Register beginning on page 41 TexReg 3588 (page 18 of the PDF version).
The period for formal comments begins on May 20 and runs through June 20. Comments may be submitted to firstname.lastname@example.org (preferred) or by mail to: Tonia Scaperlanda, Director of Human Resources, Texas Higher Education Coordinating Board, P.O. Box 12788, Austin, Texas 78711.
ORP Administrators Contact List: Please help us keep our institutional ORP Administrators Contact List up-to-date. We use this list to keep you aware of significant changes in ORP-related information and contact you individually when necessary. To provide updates to the list, please send an email to email@example.com indicating the following contact information: Name, Position Title, Institution, Email, Phone Number.
Annual Report Preparers:
Deadline for FY16 Report: Your FY16 report is due on October 1, 2016.
Data Entry: The system will open for reporting your FY16 data (covering the period September 1, 2015 - August 31, 2016) on September 1, 2016.
Link to Online Reporting System:
• ORP Annual Report Online Reporting System
Update Your Contact Information: To ensure that you receive report-related information, please check/update your contact information in the ORP Annual Report Online Reporting System.
Questions: If you have questions about accessing or using the online reporting 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