News for Texas Community College Teachers

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"Planning is bringing the future into the present so that you can do something about it now."

- Alan Lakein

News + Publications: Retirement Planning

Retirement Planning

Important Background Information

The Texas Optional Retirement Program (ORP) is designed for full time faculty at state supported institutions of higher education. Created by the Texas Legislature in 1967, it is offered as an alternative to participation in the Teacher Retirement System of Texas (TRS). Upon employment at an institution, an employee is given 90 days to choose whether to invest his or her retirement fund in ORP or TRS. This choice is irrevocable. Therefore, new emloyees are urged to make this decision carefully. {Read More...}

Though we do not endorse or favor any particular plan, we hope the following reports and links will aid you in your discernment process.

TCCTA's 2012 Analysis of Possibilities for ORP/TDA

Coordinating Board Finance and Resource Planning

Teacher Retirement System of Texas (TRS)

Employees Retirement System (ERS)

The following is a list of the most popular companies that sell investment products through ORP according to the Coordinating Board. Purusing sites like Morningstar (free registration required) can help aid you in getting to know a company, investigate fund performance, and learn about your options.