Retirement - Optional Plan


Effective July 1, 1996, Delta began offering the Optional Retirement Plan (ORP) to ensure that our eligible faculty and staff have a flexible retirement program, if they so choose.  The ORP plan provides attractive, portable pension benefits which will enhance academic mobility, recruitment, and retention efforts.


    1. Each employee who participates in the ORP plan will receive 10 percent of his or her covered salary from Delta College.
      1. No employee contribution.
      2. Our ORP plan offers full and immediate vesting.
      3. Participants may choose among different investment options.
      4. At retirement, employees may choose from a variety of payout options including a lump sum payout if they have retired or terminated from the College.
      5. This defined contribution plan does not provide medical, vision and dental benefits at time of retirement.
    2. Delta College has selected Teachers Insurance and Annuity Association (TIAA) to administer this plan and to manage our investments.


    1. New eligible employees will be able to choose either the Optional Retirement Plan (ORP) or the Michigan Public School Employees Retirement System (MPSERS) during their first 90 days of employment. 
    2. Employees who transfer to an eligible classification will also have 90 days from the date of transfer to enroll for the Optional Retirement Plan (ORP). 
    3. After 90 days, the choice you selected becomes irrevocable.  If ORP is selected first, it is irrevocable immediately. 

All full-time regular Administrative Professional Staff and Faculty

Revision/review dates
6/16, 12/21