Optional Retirement Plan
The Optional Retirement Plan for Higher Education (ORPHE) was established for employees of Virginia’s public colleges and universities who could benefit from the portability of a defined contribution plan and to assist institutions of higher education in recruiting faculty employees.
Eligible employees include:
- Full-time, part-time, salaried employees in teaching, admin/research positions who hold faculty rank
- The president of a participating institution of higher education
- The Chancellor of the Virginia Community College System
Company comparison sheets are distributed at orientation, and an annual Benefits Fair is held in the fall.