The Commonwealth offers two distinct types of retirement plans for certain employees of its institutions of higher education: the Optional Retirement Program (ORP) and the State Employees' Retirement System (SERS).

Employees must enroll in the ORP within 90 days of initial eligibility, typically the first day as an employee. If employees elect not to participate in the ORP within the 90-day period, automatic enrollment, or continued enrollment, in the SERS will occur.

Prior to enrollment, it is important to understand the similarities and differences between the plan structures and key features. The ORP Summary Plan Description (.PDF) contains additional details.

For more information, contact the college's Benefits Administrator, the State Retirement Board, the ORP Plan Administrator, or the ORP Plan Providers. These organizations can assist with the decision-making process and with the comparison of plans and benefits.