I recently came to the university and have a choice of the Florida Retirement System (FRS) or the Optional Retirement Program (ORP). I have selected the ORP, but have not selected a company for the employer’s contribution. How soon do I need to select a company?
Filed under Retirement.
You are not properly enrolled in the Optional Retirement Plan until you have completed an ORP-16 form designating one of the approved companies for the employer contributions, signed an application for contract with one of the approved ORP companies, and forwarded the ORP-16 to Human Resources within 90 days of your employment/appointment for processing. For more information, contact University Retirement at (352) 392-2477 or retirement@ufl.edu.