VALIC’s ORP Contract - 2019

Participant Information

Details of the exit plan and its implementation will be reported via direct correspondence with participants, and on this web site, as a common resource for everyone.


News

UPDATE September 10, 2019

VALIC Transfer Form

For those transferring, on their own (Do It Yourself approach) from VALIC to either Fidelity or TIAA, you must complete and submit VALIC's Transfer-Out form.

Call VALIC for their Transfer-Out Form: (800) 448-2542.

Please note that VALIC’s form is for multiple transactions. We’ve provided a sample form with instructions for your reference.

May 28, 2019

The Dept. of Higher Education (DHE), as the Plan’s Administrator, will not extend VALIC’s contract as a Provider under the Optional Retirement Program (ORP). While the termination is effective immediately, VALIC’s role under the ORP will be phased-out over the course of 2019.

The Plan will not accept any new ORP enrollments or retirements for VALIC.

However, all other aspects of VALIC’s role in the ORP will remain unchanged as we make our way through this process.

Participants may continue current contributions to their ORP account with VALIC.

The DHE’s decision to release VALIC from the ORP is the first major step in the Commonwealth’s efforts to gradually revise the ORP’s structure away from the “multi-Provider” approach of the 1980s and 1990s, to an efficient contemporary approach.

Meetings & Events

Oct 15

Academic Affairs Committee Meeting

Oct 15

Strategic Planning Committee Meeting

Oct 15

Fiscal and Administrative Policy Committee Meeting

Join Us on Twitter!