What are the major benefits of ORP?
Most professionals entering public higher education choose ORP because of the following benefits: • Diversified investment options – you have access to multiple investment choices through the variable annuity contract, allowing you to build a retirement portfolio to meet your needs You should consider the investment objectives, risks, charges and expenses of the variable product and its underlying fund options carefully before investing. The prospectuses contain this and other information, which can be obtained by contacting your local representative. Please read the prospectuses carefully before investing. • Systematic retirement plan – your voluntary contributions will be deducted from your salary on a regular basis. Note: this type of plan does not assure a profit and does not protect against loss in declining markets. • Tax-deferred investing – under the Internal Revenue Code, with the ORP you are taxed only when you begin taking distributions, generally at retirement at which time
