Optional Retirement Plan for Higher Education - October is Open Enrollment
Participants in the Optional Retirement Plan (ORP) for Higher Education may change providers between October 1 and October 31, 2008. The two providers available are Fidelity Investments and TIAA-CREF. Administrative and investment fees vary between the two providers. Participants should read the Open Enrollment Notice to Participants for more detailed information.
Participants can change their provider by completing the Provider Change Form and sending it to their human resources office. An enrollment form and beneficiary form also must be completed unless there is an existing ORP account with the provider.
Changes will be effective for ORP for Higher Education contributions sent to the new provider on or after January 1, 2009.
