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)

How this entity was disambiguated

Statements (30)

Predicate Object
instanceOf higher-education retirement plan option ⓘ
retirement program administrative role ⓘ
administeredBy Division of Retirement ⓘ
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 ⓘ
partOf State University System ⓘ
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 ⓘ

How these facts were elicited

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) ⓘ