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Human Resources
Benefits

Optional Retirement Plans (ORP)


In addition to Louisiana State funded pension plans, ÍøÆØÃÅ gives employees the opportunity to pay into an optional retirement plan.Ìý

For more information about the products offered to ÍøÆØÃÅ Employees, please contact one of our local representatives:

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Important Documents:

ORP Application/Change of Carrier
403b Salary Reduction AgreementÌý
Optional Retirement Employer Contribution Rates

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***EGTRRA (Economic Growth and Tax Relief Reconciliation Act) of 2002 allows for the following contribution limits on tax-deferred annuities for 2022: $20,500.00 per year, plus an additional $6,500.00 for participants if they will be over age 50 by the end of the calendar year of those older than 50. An additional catch-up provision may also be available for employees with 15 years of service at the university.

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