The Optional Retirement Plan (ORP) is a mandatory retirement plan for faculty and non-faculty professional staff at Boise State administered by Fidelity Investments. Employees are immediately vested in both their contributions and the university’s contributions upon enrollment. Faculty and non-faculty professional employees vested in PERSI at the time of hire may opt to remain in the program but must contact the Benefits Team at (208) 426-4429 to ensure their selection is processed.
Contribution Rates
- Employee Contributions: 6.97%
- University Contributions: 9.27%
Disability Protection with the ORP
- The University purchases a retirement deposit protection policy from The Standard Insurance which, in the event of an approved disability absence of six or more months, continues retirement contributions to your account while you are on disability. Your on-line pay advice will reflect the University’s contribution for this coverage as “ORP Disability 2”.