ORPHE Open Enrollment Underway
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. Employees can compare their options and select a provider 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.
Encourage Employees to Watch Providers’ Presentations
Employees who are considering changing providers may view recorded presentations to learn more about their options.
Use Our Templates to Communicate Important Information
Use our announcement and reminder email templates to communicate open-enrollment information to employees. Click the link for each template and copy all (Ctrl + A, then Ctrl + C) the content into an email (Ctrl + V to paste). You may then edit the content, subject line and recipients as needed.
Ensure Your Payroll Records Are Accurate
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.