February 2014 - Proposed changes to ORP
Documents pertaining to the proposed changes to employer contribution to the Optional Retirement Plan (ORP), effective July 1, 2014. Employees participating in ORP will see a reduction from the current rate of 5.1839% to 3.6658%.
Southern States Retirement Contribution Comparison (also available as a PDF below)
- Pension ORP vs TRSL (pdf)
- Southern States Contribution Comparison (pdf)
- TRSL actuary report recommending a cut in normal-cost benefits to 3.66% (see page 3) (pdf)