The annual open enrollment period for active participants of the State Optional Retirement Program (ORP) is underway through March 1.
During this time, ORP participants may change their ORP service provider. If eligible, participants may also elect to participate in the South Carolina Retirement System (SCRS).
Changing your ORP Provider
During open enrollment, you may change between one of the four service providers:
- Corebridge Financial
- Empower
- TIAA
- Voya Financial
Employees wishing to change service providers may do so through the Member Access online portal. After logging in, select the button that states “Change State ORP Service Provider.”
Electing to Participate in SCRS
Employees are eligible to change from the State ORP to SRCS during the open enrollment period if it has been at least one year, but not more than five years, since the date of their initial enrollment in State ORP. For example, an employee would be eligible if their initial enrollment was between January 1, 2019, and March 1, 2023.
To elect to participate in SCRS, complete section 1 of Form 1100 and submit it through the ORP Submission Portal. Forms must be submitted by February 29 to allow time for processing.
Enrollment in SCRS is irrevocable and cannot be changed.
For more information on the ORP open enrollment process, visit PEBA’s website.
Please Contact Benefits or PEBA with additional questions.