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 > Optional Retirement Plan for Higher Education (Plan 1)

Optional Retirement Plan for Higher Education - Plan 1

Qualified employees of Virginia’s public colleges and universities have the option to participate in the VRS Optional Retirement Plan for Higher Education rather than the VRS Defined Benefit Plan. Under the Optional Retirement Plan, your retirement benefit is based on contributions and the investment gains and losses on those contributions. Generally, this type of plan is more portable than the defined benefit plan.

If you are a new employee eligible to select this plan, please read Choosing Your Retirement Plan pdf icon 293kb carefully before making your selection.

ORP Benefits

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