Participants Can Switch Providers During ORPHE Open Enrollment This Month

October 2022
An image of part of Radford University in Radford, Virginia showing brick colonial style buildings with leafy trees in front.

October marks annual open enrollment for participants in the Optional Retirement Plan for Higher Education (ORPHE). Participants have until October 31 to change their investment provider, if desired. They can compare their options and select a provider, safely and securely, in myVRS.

Active ORPHE participants have a choice of two providers: DCP (record-kept by MissionSquare Retirement) and TIAA. Any changes in providers become effective on the first pay date in January.

Take time to ensure payroll records accurately reflect provider changes and remittance of contributions to the correct provider, beginning with the first pay date in January. The Employers page on the ORPHE website includes further instructions for acknowledging provider changes in myVRS Navigator.

Employees can view pre-recorded presentations from each provider.