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The University of North Carolina Optional Retirement Program (ORP) is an option or alternative to the North Carolina Teachers' and State Employees' Retirement System (TSERS). This booklet is intended to acquaint you with these plans, provide a comparison between these two plans, and assist you in making an informed decision.
The information in this publication is general in nature and may be subject to change. Neither The University of North Carolina, AIG VALIC, Fidelity, Lincoln Financial Group, TIAA-CREF, nor any of their agents, can give legal or tax advice. Applicable laws and regulations are complex and subject to change. For legal and tax advice concerning your situation you should consult your attorney or tax adviser.
For more information about any of the authorized insurance companies or their products, including investment options, charges, and expenses, please contact a company representative for a prospectus. Please read the prospectus carefully before selecting an insurance company or investment option.
