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Optional Retirement Plan

For employees in positions requiring a minimum of a bachelor's degree, you may choose the Optional Retirement Plan.

Your contribution to the ORP is 8.185% of your gross pay, and the University's contribution will be 8.74% of your gross pay. This money (both your contribution and the MSU contribution) will be forwarded to the annuity company in which you choose to participate. Contribution rates are governed by state statutes and are, therefore, subject to change each fiscal year.


You are immediately vested, which means upon the termination of employment, you retain your 8.185% contribution and the 8.74% university contribution.

Your contribution is exempt from Federal and State taxes. They are, however, subject to Social Security Tax, Morehead City Tax and Rowan County Tax.

Your investment options are greater, and you determine how to allocate your investment funds. ORPs have management and administrative fees that you will be required to pay, and there are no survivor, death, or LTD benefits and no medical insurance upon retirement. 

To participate in an Optional Retirement Plan (ORP) please contact the provider of your choosing from the list below:

P.O. Box 1273
Charlotte, NC 28201
Fax: 800-842-5916
Phone: 800-842-2252

Corebridge Financial
630 W. Carmel Drive Suite 140
Carmel, IN 46032
Contact: Mark Spinosa

Contact Payroll

310 Howell-McDowell
Morehead, KY 40351

PHONE: 606-783-2145
FAX: 606-783-5066