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Human Resources & Employee Development
Optional Retirement Plan
Effective January 1, 2007 the employee contributes 5% (tax deferred) of salary; the State currently contributes 8.13% and effective January 1, 2008 the State will contribute 8.15%. Vesting is immediate.
The employee may allocate funds among four companies, TIAA-CREF, VALIC, FIDELITY and AMERICAN CENTURY INVESTMENTS.
These plans provide a flexible and portable retirement program.
TRS/ORP Contributions for 2008