How to Enroll in UCF Retirement Plans

1
How to Enroll in UCF Retirement Plans

• Florida Retirement System (Employer-sponsored)
• Optional Retirement Program (Employer-sponsored)
• Voluntary Contributions (Employee-sponsored)
• Instructions on Completing Enrollment Forms
• Resources

Provided by UCF Benefits Section, Office of Human
Resources
2
Florida Retirement System

• Pension Plan
• USPS Employees are automatically enrolled
• AP/Faculty must submit a Retirement Plan Choice
  form (ORP-16)
• Complete pages 1 5
• Submit forms to Human Resources

3
Florida Retirement System

• Investment Plan
• USPS employees will receive an enrollment packet
  in the mail approximately 60 days after date of
  hire. AP/Faculty employees must complete
  Retirement Plan Choice Form (ORP-16) enrolling in
  the FRS Pension Plan.
• Submit to Human Resources
• Investment Plan enrollment packet will be mailed
  to home address.
• Employees will be directed contact MyFRS Guidance
  Line, 866-446-9377 for investment options.
• Employees have until the last business day of the
  5th month following their date of hire to enroll.

4
Optional Retirement Program

• Available for AP/Faculty employees
• Must enroll within 90-days of date of hire (after
  90-days, employees are placed in the FRS Pension
  Plan)
• Complete Retirement Plan Choice Form (ORP-16)
• Complete pages 1, 4 5
• Complete company application from one or more of
  the following companies AIG VALIC, ING Aetna,
  Jefferson National, MetLife Investors, TIAA
  CREF
• Submit all forms together to Human Resources

5
Voluntary Contributions

• Available to all UCF employees
• Employees have the option of contributing their
  own money to a 403(B), 403(B)(7) and/or 457 (all
  pre-tax contributions) and ROTH 403(b) (post-tax
  contributions)
• No enrollment deadline
• Can make changes at anytime
• Complete a Salary Reduction Agreement and a copy
  of Company Application
• Submit forms to Human Resources

6
Voluntary Contributions, cont.

• ORP Member making change to ORP voluntary
  contribution must submit a Salary Reduction
  Agreement and an ORP-16A.
• ORP Member making change to TSA voluntary
  contribution must submit a Salary Reduction
  Agreement.
• Non-ORP member making change to TSA voluntary
  contribution must submit a Salary Reduction
  Agreement.
• ORP/Non-ORP members changing/adding investment
  companies must submit a copy of the company
  application.
• Submit all forms to Human Resources
• 457 members making changes to their accounts,
  must contact their 457 providers or the Bureau of
  Deferred Compensation, 877-299-8002.

7
ORP-16
8
ORP-16 (Page 1)
Im
Knight
A.
X
999
99
9999
1
1
07
Select 1 for ORP or 2 for FRS Pension
Plan Enrollment in 3 or 4 must go through the
FRS Guidance Line.
9
ORP-16 (Page 4)
If enrolling in the ORP, UCF will contribute an
amount equal to 10.42 of the employees gross
salary. The employee must select an ORP company
and note the percentage amount on the
corresponding line (must be equal to 10.42).
Employees have the option of contributing up to
10.42 to an ORP company in addition to the
employers contribution. List the desired
percentage amount on the corresponding line (not
to exceed 10.42). The company does not have to
be the same one used for the employer
contribution.
10.42
10
ORP-16 (Page 5)
Please complete the form with a signature,
completion date and phone number email address
is not required.
Im A. Knight
5/1/07
407
555-5555
11
ORP-16A
12
ORP-16A
This form is only needed for employees making a
change to their current ORP accounts (employer
and/or employee).
999-99-9999
Im A. Knight
1/1/07
F
10.42
Im A. Knight
5/1/07
Entries will always equal 10.42 regardless of
change made. Box may not change depending
on submission of form.
Entries cannot exceed 10.42. Employees may
start/stop/change amounts at anytime of the year.
List the name(s) of the provider company.
13
Salary Reduction AgreementNon ORP Participants
Check original form submission or amended form
Employees Name
Paycheck for contributions to begin Paycheck Dates
Bi-weekly contribution amount (listed as dollar
amount or percent)
14
Salary Reduction AgreementORP Participants
Check original form submission or amended form
Employees Name
Paycheck for contributions to begin Paycheck Dates
List bi-weekly contribution as percent (max.
contribution amount is 10.42)
This section is to be completed by employees
enrolling in a non-ORP account and/or
contributing more than 10.42 to an ORP provider
15
Resources

• For retirement information and a list of TSA
  investment providers, please view Retirement
  Section of Human Resources Online.
• For questions/assistance, please contact the UCF
  Benefits Section at 407-823-2771 or
  benefits_at_mail.ucf.edu.