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All Faculty and Administration employees are required to participate in one of three retirement plans sponsored by the State of °®¶¹´«Ã½. Voluntary retirement savings programs include 403(b) plans and 457 deferred compensation plans. 

State Retirement Plans

Faculty and Administration employees may participate in one of the three °®¶¹´«Ã½ Retirement System (FRS) retirement plans:  the FRS Pension Plan, FRS Investment Plan or State University System Optional Retirement Program (ORP/SUSORP).  You can find information on key differences between the plans on the . You only have a short time to decide. View more information about deadlines. 

Note:  College of Medicine faculty must participate in SUSORP.

• °®¶¹´«Ã½ Retirement System Pension Plan (FRS) 
• DROP - Deferred Retirement Option Program 
• Phased Retirement Program 
• FRS Investment Plan 
• Optional Retirement Program (ORP/SUSORP) 

Voluntary Plans

Voluntary 403(b) Savings plans and 457 Deferred Compensation plans offer employees the opportunity to save money for retirement while reducing their current income tax liability.

• Voluntary 403(b) Savings Plan 
• 457 Deferred Compensation Plan

All Staff employees are required to participate in one of two retirement plans sponsored by the State of °®¶¹´«Ã½. Voluntary retirement savings programs include 403(b) and 457 deferred compensation plans.

State Retirement Plans

Staff employees participate in one of two °®¶¹´«Ã½ Retirement System (FRS) retirement plans:  the FRS Pension Plan or the FRS Investment Plan. New employees will automatically default into the FRS Investment Plan unless they enroll in the FRS Pension Plan within their required enrollment period. Special Risk Class members will automatically default into the FRS Pension Plan unless they enroll in the FRS Investment Plan within their required enrollment period.

You only have a short time to decide. Your FRS plan choice must be made by 4:00 p.m. ET on the last business day of the 8th month following your month of hire.

Information about the FRS Pension Plan and FRS Investment Plan (including tools and videos to help you make your plan choice) can be found at the . 

Ready to choose your FRS plan?  Visit the and click on the ENROLL NOW button at the top of the page.

Additional information:

• °®¶¹´«Ã½ Retirement System Pension Plan 
• DROP - Deferred Retirement Option Program 
• °®¶¹´«Ã½ Retirement System Investment Plan 

Voluntary Plans

Voluntary 403(b) Savings plans and 457 Deferred Compensation plans offer employees the opportunity to save money for retirement while reducing their current income tax liability.

• Voluntary 403(b) Savings Plan 
• 457 Deferred Compensation Plan 

The University of South °®¶¹´«Ã½ offers both a qualified retirement plan for part-time, seasonal and Temporary employees not covered by the °®¶¹´«Ã½ Retirement System, as well as the opportunity to participate in a Voluntary Plan; Voluntary 403(b) Savings Plan and/or 457 Deferred Compensation Plan. Temporary employees are automatically enrolled in the Temporary Employee Retirement Plan (TERP) upon employment. For information about the plans, click the appropriate links below.

°®¶¹´«Ã½ Retirement Plan

• TERP – Temporary Employee Retirement Plan 

Voluntary Plans

• Voluntary 403(b) Savings Plan 
• 457 Deferred Compensation Plan 

By phone: 1-866-446-9377, Option 2 (TRS 711)

Online:

• Go to the workshop calendar at
• Locate the employee workshop you want to attend (in-person or via Zoom), then register (see screenshot below).
• You will receive a confirmation email after registration.  Zoom registrants will receive a reminder email the day before the webinar.

Screenshot of registration screen: Click either "Employee Webinars - Virtual via Zoom" or "Employee Workshops - In Person Workshop." Do not click on county workshops.