Skip Menu
Email Us!

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.

Retirement Update

Morehead State University is updating and modernizing our optional retirement plans. The goal is to improve employee retirement savings opportunities. We have reduced the number of retirement vendors to TIAA and Corebridge. We will host face-to-face group and virtual group meetings in October to assist with understanding your investment selections and making final choices.

Please return the completed and signed vendor selection form no later than October 31, 2023, and return it to the Office of Human Resources or email to

Vendor Selection Form



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

Tab Information

Contact Payroll

310 Howell-McDowell
Morehead, KY 40351

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