2008 Benefits Update "Educate Your Mind: Make the Smart Choice"
401(a) Retirement Contributions
TRS Plan - EFFECTIVE JULY 1, 2007:
Employer Contribution Rate 9.28%
Employee Contribution Rate 5.00%
ORP Plan - EFFECTIVE JANUARY 1, 2008:*
Employer Contribution Rate 8.15%
Employee Contribution Rate 5.00%
*ORP changes are currently under review by the House and Senate Retirement Committees. These changes will be eligible for consideration during the next legislative session.
