Oregon University System

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Optional Retirement 401(a) Plan

The Optional Retirement 401(a) Plan  - the “ORP”- is a defined contribution plan that academic and administrative unclassified employees may choose in lieu of PERS membership. The ORP has been in operation since 1996 and was updated November, 2007. Participants have a choice of investments-plus-services programs to suit their individual retirement planning needs. The ORP offers mutual funds and both fixed and variable annuities in participant-directed account