The board has adopted the employee and employer contribution rates for Fiscal Year 2023.

Optional Retirement Plan (ORP)

The ORP/Regents Retirement Plan is a calendar year plan (Jan. 1 – Dec. 31). For the 2021 fiscal year, the contribution rates for the ORP will remain the same.

TRS is a fiscal year plan (July 1 – June 30). The TRS board adopted the employee and employer contribution rates for Fiscal Year 2022 and Fiscal Year 2023. The new limits for TRS will go into effect at the beginning of the next fiscal year (July 2021).