ORP News

Employer Contribution Update: N/A

Pay Period End Date: N/A

Funds for this contribution should be transferred to the program providers within three to five business days from the date of this update. Your provider may require several additional days to process the allocation and post the funds to your account.


UPDATE July 18, 2017

Delays in Allocating Employer Contributions

We continue to be plagued by a combination of factors in calculating and allocating the Plan’s Employer Contribution. The last contribution posted to participant accounts was for the pay period that ended May 13, 2017. Thank you for your patience as we work through these issues.


May 17, 2017

Delays in Allocating Employer Contributions

There will be delays in allocating the Plan’s Employer Contributions over the next few pay periods. The delay is due to a complete change in the Plan’s funding, from the Retirement Board to the Department of Higher Education. While the accounting and related machinations are considerable, we hope to be back on track by the end of June.

The last Employer Contribution posted to participant accounts was for the pay period that ended April 1, 2017 Contributions for April 15 and 29 have been caught in the…..web….of the funding change.


February 7, 2017

Employer Contribution: We experienced some minor delays in remitting the Employer Contribution over the past three pay periods. This was due to turnover in the Retirement Plans Group* which operates the Plan.

The contribution for the pay period that ended January 7 is being posted by the Providers now. These funds should appear in your accounts by February 10.

We are poised to remit and allocate the Employer Contribution for the pay period that ended January 21, within the next ten days.

Investment Advice: All of the ORP Providers offer investment advice to participants. This means the firm can provide specific investment allocation advice for you. You should contact your Provider to learn the details of their (respective) advice service and its related cost.