For Optional Retirement Plan (ORP) Members
Submitted by Alisa Brewer on Wed, 03/24/2010 - 1:07pm.
Email date: 03/23/2010 Description: Optional Retirement Plan (ORP) on-line survey through Friday March 26, 2010 Dear ORP-enrolled faculty,
The MTA has created a brief, on-line Optional Retirement Plan (ORP) survey to gather information from all faculty and other higher education employees currently participating in the ORP.
As many of you know, legislation (S. 1173) was filed at the MA State House to allow faculty and certain administrators enrolled in the Optional Retirement Plan (ORP) to switch from the ORP to the traditional pension plan - the State Employees Retirement System (SERS). If enacted, S. 1173 would grant a one-time opportunity for ORP-enrolled employees to transfer to, and buyback creditable service in, the SERS.
This survey is being conducted so that MTA and MSP leaders can better assess the number of employees interested in this transfer opportunity and the related cost implications. This data is needed to lobby effectively for the passage of this bill. This survey should take less than 5 minutes to complete and will support current lobbying efforts.
If you are in the ORP, whether you are interested in this legislation or not, it is important that you complete this survey. The survey will be on-line at the link below until midnight on 3/26:
A report of the findings will be made available soon.
Thank you for your support.
Randall Phillis, MSP President
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