Retirement - Table of contents
You may choose between:
North Carolina Teachers' and State Employees' Retirement System (TSERS), a defined benefit plan
UNC Optional Retirement Program (ORP), a defined contribution plan
You must make your choice between TSERS and ORP within 60 days of your date of hire. Once you make the choice it cannot be changed; it is irrevocable. Failure to select either TSERS or ORP within 60 days will result in automatic enrollment in TSERS.
The booklet, "Choosing a Retirement Plan," contains information that will assist in your selection between TSERS and ORP.