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) for certain employees. Under the ORP, you control your investment choices, distribution methods, and retirement goals, whereas the State controls the investments under TSERS.
The University has authorized four companies to offer investment products under the ORP. These are Fidelity Investments, Lincoln Financial Group, TIAA-CREF, and VALIC. For more information about the authorized companies or their products, including investment options, services and fees, you should contact a company representative.