The University of North Carolina Optional Retirement Program (ORP) is an option or alternative to the North Carolina Teachers' and State Employees' Retirement System (TSERS) for employees. Under the ORP, you control your investment choices, distribution methods, and retirement goals, whereas the State controls the investments under TSERS.
The University has authorized two companies to offer investment products under the ORP. They are Fidelity Investments and TIAA-CREF. For more information about the authorized companies or their products, including investment options, services and fees, you should review the informaiton on this website, as well as contact a company representative.
Effective July 1, 2014, the fund lineup for Fidelity and TIAA-CREF will change to a four-tier structure. The four new tiers are:
Effective January 1, 2015 VALIC and the Lincoln Financial Group will no longer be available to participants in the ORP.