Is the Optional Retirement Plan (ORP) the same as the current flexible supplemental retirement plan and the same as the current Faculty Retirement Plan (FRP) for faculty?
The FRP and ORP are the same. The supplemental retirement is our tax deferred savings program (TSDP) and does not change; it is available to both faculty and staff and is not the same as FRP or ORP. The University offers a cash match with the TSDP. Read more about the Tax Deferred Savings Plan at http://www.hrs.virginia.edu/benefits/oa/oa-VIII.html.
Related Questions
- Is the Optional Retirement Plan (ORP) the same as the current flexible supplemental retirement plan and the same as the current Faculty Retirement Plan (FRP) for faculty?
- Does service in the Faculty Resources Program (FRP) count as full-time employment for the EAH purposes?
- Who is eligible for the retirement incentives offered under the Princeton Faculty Retirement Plan?
