State University System Optional Retirement Program (administrative role)
E926505
The State University System Optional Retirement Program (administrative role) is a higher-education retirement plan option overseen by the Division of Retirement that provides eligible university employees with an alternative to the traditional state pension system.
All labels observed (1)
| Label | Occurrences |
|---|---|
| State University System Optional Retirement Program (administrative role) canonical | 1 |
Statements (30)
| Predicate | Object |
|---|---|
| instanceOf |
higher-education retirement plan option
ⓘ
retirement program administrative role ⓘ |
| administeredBy | Division of Retirement NERFINISHED ⓘ |
| appliesTo | eligible university employees ⓘ |
| associatedWith |
state universities
ⓘ
university human resources offices ⓘ |
| benefitType | defined contribution-style retirement plan option ⓘ |
| domain |
employee retirement benefits
ⓘ
public sector human resources ⓘ |
| eligibility | university employees who meet program criteria ⓘ |
| focusesOn | retirement plan choice for university employees ⓘ |
| governs |
administrative procedures for optional retirement participation
ⓘ
enrollment of eligible university employees in optional retirement plan ⓘ |
| hasComponent |
benefit election processing
ⓘ
coordination with Division of Retirement ⓘ plan enrollment administration ⓘ recordkeeping for participant elections ⓘ |
| isAlternativeTo | traditional state pension system ⓘ |
| objective |
ensure compliant administration of optional retirement benefits
ⓘ
provide retirement plan flexibility to eligible university employees ⓘ |
| operatesWithin | state retirement system framework ⓘ |
| overseenBy | Division of Retirement NERFINISHED ⓘ |
| partOf | State University System NERFINISHED ⓘ |
| provides | alternative to traditional state pension system ⓘ |
| purpose |
offer an optional retirement plan in lieu of a defined benefit pension
ⓘ
provide retirement benefits to eligible university employees ⓘ |
| regulates | how eligible employees choose between optional retirement and traditional pension ⓘ |
| requiresCoordinationWith |
university benefits administrators
ⓘ
university payroll departments ⓘ |
| sector | public higher education ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.
Division of Retirement
→
programAdministered
→
State University System Optional Retirement Program (administrative role)
ⓘ