Optional Retirement Planning (ORP)
Optional Retirement Planning and Tax Deferred Annuity (ORP/TDA) information (PDF will open in new window) can be found on the Texas Higher Education Coordinating Board website.
Some points about ORP:
- 403(b) Retirement Investment Programs
- Must meet recertification requirements at least once every five (5) years
- Ensured continued and ongoing carrier compliance with all state rules and regulations
List of approved ORP/TDA carriers for Tarrant County College District (PDF will open in a new window) effective July 1, 2006 (revised January 27, 2015).
Tax Deferred Annuities (TDA's), or supplemental retirement plans, help you to achieve your retirement planning goals. Such plans are designed for retirement or long-term goals and will help you build the extra savings you may need. Contributions to the account are generally made on a pre-tax basis, which means the money comes out of your paycheck before your income is taxed, which lowers your taxable income.
Note: For MetLife FICA alternative plan participants to make a withdrawal from the plan, the participant must:
- Be separated from the College
- Have notified their former supervisor with a termination date in the system
Have reached the age of 70 ½
If you're interested in another way to save, become a member, roll over funds, make withdrawals, etc., contact a vendor from the approved vendor list with questions.
Beverly Tims, Human Resources Specialist, Employee Relations, serves as the Employer Representative coordinating all retirement plan transactions.
Megan Mills, Director of Employee Relations, maintains vendor relationships and oversees the retirement savings plans.
Beverly Tims, Human Resources Specialist
Megan Mills, Director of Employee Relations
Updated July 14, 2015