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ORP plan

Plan details

Welcome to your Optional Retirement Plan (ORP). The Louisiana ORP is an alternative to the State's defined benefit plan, and provides you with greater control over your retirement plan assets.

Click below to view the features and highlights of your employer’s retirement plan.

The plan highlights are only a brief overview of the plan's features and are not a legally binding document. The information in this section does not modify the terms of the plan and in the event of a conflict, the terms of the plan control.

Take advantage today

The Optional Retirement Plan (ORP) has been available since 1990, and is an alternative retirement plan provided by a private carrier for academic and unclassified employees of Louisiana colleges, universities, and community colleges.

Starting early has its advantages


Contributions determine benefits. Employee payroll contribution is 8% of salary (less 0.05% administrative fee to Louisiana ORP). The employer’s contribution, which is also added to the ORP account, changes annually, however, it has historically been between 5% and 7%.  

For more information about ORP contribution rates, visit the Louisiana Optional Retirement Plan (ORP) website


Vesting is a participant’s right of ownership to the money in his or her plan account. You are always 100% vested in all contributions to the plan. 

Account consolidation

You can transfer part or all of your ORP account balance among the approved ORP companies, subject to individual company restrictions. 

Accessing your money before retirement


Your plan was established to encourage long term savings, so in-service withdrawals are not permitted from this plan. You must begin taking distributions once you reach age 70 ½ or you retire, whichever is later. 

Your distribution options include:

  • Transferring your vested account balance over to an IRA or another tax-advantaged plan that accepts rollovers
  • Choosing one of the many annuity options
  • Deferring distributions until a later date, allowing your account to continue to grow tax deferred 

Generally, income taxes must be paid on all amounts you withdraw from your plan. Consult your financial professional for more specific information.

An array of investment choices

Available funds & performance

The following mutual funds and a fixed-interest option are available in your Louisiana Optional Retirement Plan (ORP). They provide you with flexibility to create a suitably diversified portfolio that matches your personal retirement time horizon, investment risk tolerance and investment preferences.  

To view or print a prospectus, access “Prospectuses and Other Important Materials.” The prospectus contains the investment objectives, risks, charges, expenses and other information about the respective investment companies that you should consider carefully before investing. Please read the prospectus carefully before investing or sending money. You can also request a copy by calling 1-800-428-2542.

Administrative fee

An administrative charge of 0.42% will be applied to this plan. Fund Annual Operating Expenses apply depending on the mutual fund chosen and are described in the prospectus.