{"id":18318,"date":"2023-07-10T08:38:22","date_gmt":"2023-07-10T15:38:22","guid":{"rendered":"https:\/\/in.nau.edu\/human-resources\/?page_id=18318"},"modified":"2026-05-21T17:33:41","modified_gmt":"2026-05-21T17:33:41","slug":"benefits-faqs-optional-retirement-plan","status":"publish","type":"page","link":"https:\/\/in.nau.edu\/human-resources\/benefits-faqs-optional-retirement-plan\/","title":{"rendered":"Benefits &#8211; FAQs Optional Retirement Plan"},"content":{"rendered":"<h1 style=\"text-align: center\"><div class=\"eplus-bg-color-row bg-color-dark-blue\"><div class=\"eplus-bg-color-row-content\">Optional Retirement Plan (ORP) FAQs <\/div><\/div><\/h1>\n<h2><strong><em><hr role=\"separator\" class=\"hr--transparent hr--transparent-15px not-in-view\"><\/em><\/strong><\/h2>\n<h2><strong><em>General<\/em> <\/strong><\/h2>\n<!-- shortcode-accordion -->\n<div class=\"shortcode-accordion shortcode-accordion--closed\" style=\"position: relative;\" >\n        <h4 class=\"shortcode-accordion__header\">\n        <button type=\"button\" class=\"shortcode-accordion__trigger\" data-header=\"What is the Optional Retirement Plan (ORP)?_0\" id=\"shortcode-accordion-1-trigger\" aria-expanded=\"false\" aria-controls=\"shortcode-accordion-1-panel\">\n            What is the Optional Retirement Plan (ORP)?\n            <span class=\"shortcode-accordion__header__arrow\" aria-hidden=\"true\"><\/span>\n        <\/button>\n    <\/h4>\n    <div class=\"shortcode-accordion__body\" id=\"shortcode-accordion-1-panel\" role=\"region\" aria-labelledby=\"shortcode-accordion-1-trigger\" inert>\n        <!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\">\n<html><body>\n<p>The ORP is a 401(a) defined contribution (DC) plan. With this plan, your income at retirement is based on the investment options you elect including any losses and gains from the investments.<\/p>\n<\/body><\/html>\n\n    <\/div>\n<\/div>\n<!-- shortcode-accordion -->\n<div class=\"shortcode-accordion shortcode-accordion--closed\" style=\"position: relative;\" >\n        <h4 class=\"shortcode-accordion__header\">\n        <button type=\"button\" class=\"shortcode-accordion__trigger\" data-header=\"Who can enroll in the ORP?_0\" id=\"shortcode-accordion-2-trigger\" aria-expanded=\"false\" aria-controls=\"shortcode-accordion-2-panel\">\n            Who can enroll in the ORP?\n            <span class=\"shortcode-accordion__header__arrow\" aria-hidden=\"true\"><\/span>\n        <\/button>\n    <\/h4>\n    <div class=\"shortcode-accordion__body\" id=\"shortcode-accordion-2-panel\" role=\"region\" aria-labelledby=\"shortcode-accordion-2-trigger\" inert>\n        <!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\">\n<html><body>\n<p>Faculty and University Staff may enroll in the ORP as their primary retirement plan.&nbsp;<em><strong>Exception:<\/strong> University Staff in support and operations roles are automatically enrolled in ASRS and are not eligible to enroll in the ORP.<\/em><\/p>\n<ul>\n<li>Visit the benefit eligibility chart.<\/li>\n<\/ul>\n<\/body><\/html>\n\n    <\/div>\n<\/div>\n<!-- shortcode-accordion -->\n<div class=\"shortcode-accordion shortcode-accordion--closed\" style=\"position: relative;\" >\n        <h4 class=\"shortcode-accordion__header\">\n        <button type=\"button\" class=\"shortcode-accordion__trigger\" data-header=\"What is the difference between the ORP and ASRS?_0\" id=\"shortcode-accordion-3-trigger\" aria-expanded=\"false\" aria-controls=\"shortcode-accordion-3-panel\">\n            What is the difference between the ORP and ASRS?\n            <span class=\"shortcode-accordion__header__arrow\" aria-hidden=\"true\"><\/span>\n        <\/button>\n    <\/h4>\n    <div class=\"shortcode-accordion__body\" id=\"shortcode-accordion-3-panel\" role=\"region\" aria-labelledby=\"shortcode-accordion-3-trigger\" inert>\n        <!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\">\n<html><body>\n<p>Both the ASRS and ORP are 401(a) primary retirement plans. ASRS is a defined benefit (DB) plan and the ORP is a defined contribution (DC) plan.<\/p>\n<ul>\n<li><a href=\"https:\/\/in.nau.edu\/wp-content\/uploads\/sites\/5\/2022\/11\/Retirement-Plan-Comparison-03.24.2023.pdf\">Visit the Retirement Plan Comparison.<\/a><\/li>\n<li><a href=\"https:\/\/in.nau.edu\/wp-content\/uploads\/sites\/5\/2019\/01\/AUS_ORP_ENG_Feb-2026_FINAL.pdf\">Visit the ORP Guide.<\/a><\/li>\n<li><a href=\"https:\/\/www.azasrs.gov\/content\/retirement-plans-comparison\">Visit the ASRS retirement plan comparison and video.<\/a><\/li>\n<\/ul>\n<\/body><\/html>\n\n    <\/div>\n<\/div>\n<!-- shortcode-accordion -->\n<div class=\"shortcode-accordion shortcode-accordion--closed\" style=\"position: relative;\" >\n        <h4 class=\"shortcode-accordion__header\">\n        <button type=\"button\" class=\"shortcode-accordion__trigger\" data-header=\"Can I rollover funds from my previous retirement plan to the ORP?_0\" id=\"shortcode-accordion-4-trigger\" aria-expanded=\"false\" aria-controls=\"shortcode-accordion-4-panel\">\n            Can I rollover funds from my previous retirement plan to the ORP?\n            <span class=\"shortcode-accordion__header__arrow\" aria-hidden=\"true\"><\/span>\n        <\/button>\n    <\/h4>\n    <div class=\"shortcode-accordion__body\" id=\"shortcode-accordion-4-panel\" role=\"region\" aria-labelledby=\"shortcode-accordion-4-trigger\" inert>\n        <!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\">\n<html><body>\n<p>Yes, qualified plans such as 401(k), 401(a) or 403(b) call be rolled over into the ORP. You will not have access to those funds while you are employed with the Arizona University System.<\/p>\n<p>Contact your investment provider for the documents needed for a rollover request. Visit the <a href=\"https:\/\/in.nau.edu\/human-resources\/benefit-contact-information\/\">Vendor Contact webpage<\/a> which includes the provider&rsquo;s website address and customer service phone number.<\/p>\n<\/body><\/html>\n\n    <\/div>\n<\/div>\n\n<hr role=\"separator\" class=\"hr--transparent hr--transparent-15px not-in-view\">\n<h2><em><strong>Investments<\/strong><\/em><\/h2>\n<!-- shortcode-accordion -->\n<div class=\"shortcode-accordion shortcode-accordion--closed\" style=\"position: relative;\" >\n        <h4 class=\"shortcode-accordion__header\">\n        <button type=\"button\" class=\"shortcode-accordion__trigger\" data-header=\"Who are the investment providers for the ORP plan?_0\" id=\"shortcode-accordion-5-trigger\" aria-expanded=\"false\" aria-controls=\"shortcode-accordion-5-panel\">\n            Who are the investment providers for the ORP plan?\n            <span class=\"shortcode-accordion__header__arrow\" aria-hidden=\"true\"><\/span>\n        <\/button>\n    <\/h4>\n    <div class=\"shortcode-accordion__body\" id=\"shortcode-accordion-5-panel\" role=\"region\" aria-labelledby=\"shortcode-accordion-5-trigger\" inert>\n        <!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\">\n<html><body>\n<p>TIAA and Fidelity are the current investment providers of the Arizona University System.<\/p>\n<ul>\n<li>Visit the <a href=\"https:\/\/in.nau.edu\/human-resources\/benefit-contact-information\/\">Vendor Contact webpage<\/a> which includes the provider&rsquo;s website address and customer service phone number.<\/li>\n<\/ul>\n<\/body><\/html>\n\n    <\/div>\n<\/div>\n<!-- shortcode-accordion -->\n<div class=\"shortcode-accordion shortcode-accordion--closed\" style=\"position: relative;\" >\n        <h4 class=\"shortcode-accordion__header\">\n        <button type=\"button\" class=\"shortcode-accordion__trigger\" data-header=\"I selected to invest with TIAA, can I to change to Fidelity?_0\" id=\"shortcode-accordion-6-trigger\" aria-expanded=\"false\" aria-controls=\"shortcode-accordion-6-panel\">\n            I selected to invest with TIAA, can I to change to Fidelity?\n            <span class=\"shortcode-accordion__header__arrow\" aria-hidden=\"true\"><\/span>\n        <\/button>\n    <\/h4>\n    <div class=\"shortcode-accordion__body\" id=\"shortcode-accordion-6-panel\" role=\"region\" aria-labelledby=\"shortcode-accordion-6-trigger\" inert>\n        <!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\">\n<html><body>\n<p>You can change your investment provider for future contributions once a year. If you want to move the funds into your NAU account, you can request an in-plan transfer.<\/p>\n<\/body><\/html>\n\n    <\/div>\n<\/div>\n<!-- shortcode-accordion -->\n<div class=\"shortcode-accordion shortcode-accordion--closed\" style=\"position: relative;\" >\n        <h4 class=\"shortcode-accordion__header\">\n        <button type=\"button\" class=\"shortcode-accordion__trigger\" data-header=\"Where can I find information on my investment options?_0\" id=\"shortcode-accordion-7-trigger\" aria-expanded=\"false\" aria-controls=\"shortcode-accordion-7-panel\">\n            Where can I find information on my investment options?\n            <span class=\"shortcode-accordion__header__arrow\" aria-hidden=\"true\"><\/span>\n        <\/button>\n    <\/h4>\n    <div class=\"shortcode-accordion__body\" id=\"shortcode-accordion-7-panel\" role=\"region\" aria-labelledby=\"shortcode-accordion-7-trigger\" inert>\n        <!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\">\n<html><body>\n<p>Both TIAA and Fidelity have representatives who can meet with you to help you choose investments for your retirement portfolio. In addition, the provider&rsquo;s website offers online planning tools to help you manage and track your portfolio on your own. To schedule a consultation, contact Fidelity Investments or TIAA directly.<\/p>\n<ul>\n<li>Visit the <a href=\"https:\/\/in.nau.edu\/human-resources\/benefit-contact-information\/\">Vendor Contact webpage<\/a> which includes the provider&rsquo;s website address and customer service phone number.<\/li>\n<li><a href=\"https:\/\/in.nau.edu\/wp-content\/uploads\/sites\/5\/2019\/01\/AUS_ORP_ENG_Feb-2026_FINAL.pdf\">View the ORP Guide.<\/a><\/li>\n<\/ul>\n<\/body><\/html>\n\n    <\/div>\n<\/div>\n\n<p><strong> <hr role=\"separator\" class=\"hr--transparent hr--transparent-15px not-in-view\"><\/strong><\/p>\n<h2><strong><em>Contributions and Vesting<\/em> <\/strong><\/h2>\n<!-- shortcode-accordion -->\n<div class=\"shortcode-accordion shortcode-accordion--closed\" style=\"position: relative;\" >\n        <h4 class=\"shortcode-accordion__header\">\n        <button type=\"button\" class=\"shortcode-accordion__trigger\" data-header=\"How much can I contribute to the ORP?_0\" id=\"shortcode-accordion-8-trigger\" aria-expanded=\"false\" aria-controls=\"shortcode-accordion-8-panel\">\n            How much can I contribute to the ORP?\n            <span class=\"shortcode-accordion__header__arrow\" aria-hidden=\"true\"><\/span>\n        <\/button>\n    <\/h4>\n    <div class=\"shortcode-accordion__body\" id=\"shortcode-accordion-8-panel\" role=\"region\" aria-labelledby=\"shortcode-accordion-8-trigger\" inert>\n        <!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\">\n<html><body>\n<p>The ORP requires that employees contribute 7% and NAU contribute 7%.<\/p>\n<\/body><\/html>\n\n    <\/div>\n<\/div>\n<!-- shortcode-accordion -->\n<div class=\"shortcode-accordion shortcode-accordion--closed\" style=\"position: relative;\" >\n        <h4 class=\"shortcode-accordion__header\">\n        <button type=\"button\" class=\"shortcode-accordion__trigger\" data-header=\"Can I change the amount I contribute to the ORP?_0\" id=\"shortcode-accordion-9-trigger\" aria-expanded=\"false\" aria-controls=\"shortcode-accordion-9-panel\">\n            Can I change the amount I contribute to the ORP?\n            <span class=\"shortcode-accordion__header__arrow\" aria-hidden=\"true\"><\/span>\n        <\/button>\n    <\/h4>\n    <div class=\"shortcode-accordion__body\" id=\"shortcode-accordion-9-panel\" role=\"region\" aria-labelledby=\"shortcode-accordion-9-trigger\" inert>\n        <!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\">\n<html><body>\n<p>No, the plan only allows you to contribute 7%. You cannot change your contribution percentage. If you would like to save more for retirement you can contribute to one of the <a href=\"https:\/\/in.nau.edu\/human-resources\/supplemental-retirement-plans\/%20\">supplemental retirement plans.<\/a><\/p>\n<\/body><\/html>\n\n    <\/div>\n<\/div>\n<!-- shortcode-accordion -->\n<div class=\"shortcode-accordion shortcode-accordion--closed\" style=\"position: relative;\" >\n        <h4 class=\"shortcode-accordion__header\">\n        <button type=\"button\" class=\"shortcode-accordion__trigger\" data-header=\"What is vesting?_0\" id=\"shortcode-accordion-10-trigger\" aria-expanded=\"false\" aria-controls=\"shortcode-accordion-10-panel\">\n            What is vesting?\n            <span class=\"shortcode-accordion__header__arrow\" aria-hidden=\"true\"><\/span>\n        <\/button>\n    <\/h4>\n    <div class=\"shortcode-accordion__body\" id=\"shortcode-accordion-10-panel\" role=\"region\" aria-labelledby=\"shortcode-accordion-10-trigger\" inert>\n        <!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\">\n<html><body>\n<p>Vesting refers to the requirement of service before &ldquo;owning&rdquo; all funds in your account.<\/p>\n<\/body><\/html>\n\n    <\/div>\n<\/div>\n<!-- shortcode-accordion -->\n<div class=\"shortcode-accordion shortcode-accordion--closed\" style=\"position: relative;\" >\n        <h4 class=\"shortcode-accordion__header\">\n        <button type=\"button\" class=\"shortcode-accordion__trigger\" data-header=\"When am I vested in my contributions?_0\" id=\"shortcode-accordion-11-trigger\" aria-expanded=\"false\" aria-controls=\"shortcode-accordion-11-panel\">\n            When am I vested in my contributions?\n            <span class=\"shortcode-accordion__header__arrow\" aria-hidden=\"true\"><\/span>\n        <\/button>\n    <\/h4>\n    <div class=\"shortcode-accordion__body\" id=\"shortcode-accordion-11-panel\" role=\"region\" aria-labelledby=\"shortcode-accordion-11-trigger\" inert>\n        <!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\">\n<html><body>\n<p>You are always 100% vested in your contributions.<\/p>\n<\/body><\/html>\n\n    <\/div>\n<\/div>\n<!-- shortcode-accordion -->\n<div class=\"shortcode-accordion shortcode-accordion--closed\" style=\"position: relative;\" >\n        <h4 class=\"shortcode-accordion__header\">\n        <button type=\"button\" class=\"shortcode-accordion__trigger\" data-header=\"When am I vested in NAU\u2019s contributions?_0\" id=\"shortcode-accordion-12-trigger\" aria-expanded=\"false\" aria-controls=\"shortcode-accordion-12-panel\">\n            When am I vested in NAU\u2019s contributions?\n            <span class=\"shortcode-accordion__header__arrow\" aria-hidden=\"true\"><\/span>\n        <\/button>\n    <\/h4>\n    <div class=\"shortcode-accordion__body\" id=\"shortcode-accordion-12-panel\" role=\"region\" aria-labelledby=\"shortcode-accordion-12-trigger\" inert>\n        <!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\">\n<html><body>\n<p>To be fully vested in the university&rsquo;s contributions you must have:<\/p>\n<p>(1) 5 years of participation;<\/p>\n<p>(2) attained your Normal Retirement Date; or<\/p>\n<p>(3) had your employment ended by death.<\/p>\n<p>&nbsp;<\/p>\n<p>Immediate vesting may be available if you have an active retirement account (funds on deposit) through another institution of higher education. For more information contact <a href=\"mailto:nauhrbenefits@nau.edu\">nauhrbenefits@nau.edu<\/a>.<\/p>\n<\/body><\/html>\n\n    <\/div>\n<\/div>\n<!-- shortcode-accordion -->\n<div class=\"shortcode-accordion shortcode-accordion--closed\" style=\"position: relative;\" >\n        <h4 class=\"shortcode-accordion__header\">\n        <button type=\"button\" class=\"shortcode-accordion__trigger\" data-header=\"What happens with the employer contributions until I am vested?_0\" id=\"shortcode-accordion-13-trigger\" aria-expanded=\"false\" aria-controls=\"shortcode-accordion-13-panel\">\n            What happens with the employer contributions until I am vested?\n            <span class=\"shortcode-accordion__header__arrow\" aria-hidden=\"true\"><\/span>\n        <\/button>\n    <\/h4>\n    <div class=\"shortcode-accordion__body\" id=\"shortcode-accordion-13-panel\" role=\"region\" aria-labelledby=\"shortcode-accordion-13-trigger\" inert>\n        <!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\">\n<html><body>\n<p>Until you are vested, NAU contributions are held in trust.<\/p>\n<p>Once vested, your employer contributions (plus interest, calculated at the rate of interest earned by the university&rsquo;s general fund) are deposited in your ORP account as soon as possible, but no later than 30 days following the vesting date.<\/p>\n<p>Afterwards your employer contributions are credited to your account each payday, along with your employee contributions<\/p>\n<\/body><\/html>\n\n    <\/div>\n<\/div>\n<!-- shortcode-accordion -->\n<div class=\"shortcode-accordion shortcode-accordion--closed\" style=\"position: relative;\" >\n        <h4 class=\"shortcode-accordion__header\">\n        <button type=\"button\" class=\"shortcode-accordion__trigger\" data-header=\"What happens to the employer contributions If I leave the university before I am vested?_0\" id=\"shortcode-accordion-14-trigger\" aria-expanded=\"false\" aria-controls=\"shortcode-accordion-14-panel\">\n            What happens to the employer contributions If I leave the university before I am vested?\n            <span class=\"shortcode-accordion__header__arrow\" aria-hidden=\"true\"><\/span>\n        <\/button>\n    <\/h4>\n    <div class=\"shortcode-accordion__body\" id=\"shortcode-accordion-14-panel\" role=\"region\" aria-labelledby=\"shortcode-accordion-14-trigger\" inert>\n        <!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\">\n<html><body>\n<p>If you leave NAU before you meet vesting qualifications, you relinquish the employer contributions.<\/p>\n<\/body><\/html>\n\n    <\/div>\n<\/div>\n\n<hr role=\"separator\" class=\"hr--transparent hr--transparent-15px not-in-view\">\n<h2><em><strong>Loans and Distributions<\/strong><\/em><\/h2>\n<!-- shortcode-accordion -->\n<div class=\"shortcode-accordion shortcode-accordion--closed\" style=\"position: relative;\" >\n        <h4 class=\"shortcode-accordion__header\">\n        <button type=\"button\" class=\"shortcode-accordion__trigger\" data-header=\"Can I take a loan from my ORP account?_0\" id=\"shortcode-accordion-15-trigger\" aria-expanded=\"false\" aria-controls=\"shortcode-accordion-15-panel\">\n            Can I take a loan from my ORP account?\n            <span class=\"shortcode-accordion__header__arrow\" aria-hidden=\"true\"><\/span>\n        <\/button>\n    <\/h4>\n    <div class=\"shortcode-accordion__body\" id=\"shortcode-accordion-15-panel\" role=\"region\" aria-labelledby=\"shortcode-accordion-15-trigger\" inert>\n        <!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\">\n<html><body>\n<p>No, the ORP does not offer loans<\/p>\n<\/body><\/html>\n\n    <\/div>\n<\/div>\n<!-- shortcode-accordion -->\n<div class=\"shortcode-accordion shortcode-accordion--closed\" style=\"position: relative;\" >\n        <h4 class=\"shortcode-accordion__header\">\n        <button type=\"button\" class=\"shortcode-accordion__trigger\" data-header=\"Can I access my account while still employed?_0\" id=\"shortcode-accordion-16-trigger\" aria-expanded=\"false\" aria-controls=\"shortcode-accordion-16-panel\">\n            Can I access my account while still employed?\n            <span class=\"shortcode-accordion__header__arrow\" aria-hidden=\"true\"><\/span>\n        <\/button>\n    <\/h4>\n    <div class=\"shortcode-accordion__body\" id=\"shortcode-accordion-16-panel\" role=\"region\" aria-labelledby=\"shortcode-accordion-16-trigger\" inert>\n        <!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\">\n<html><body>\n<p>No there is no access to your account except during Phased Retirement.<\/p>\n<ul>\n<li><a href=\"https:\/\/in.nau.edu\/human-resources\/retiring-from-nau\/\">Visit the phased retirement webpage.<\/a><\/li>\n<\/ul>\n<\/body><\/html>\n\n    <\/div>\n<\/div>\n<!-- shortcode-accordion -->\n<div class=\"shortcode-accordion shortcode-accordion--closed\" style=\"position: relative;\" >\n        <h4 class=\"shortcode-accordion__header\">\n        <button type=\"button\" class=\"shortcode-accordion__trigger\" data-header=\"What is Phased Retirement?_0\" id=\"shortcode-accordion-17-trigger\" aria-expanded=\"false\" aria-controls=\"shortcode-accordion-17-panel\">\n            What is Phased Retirement?\n            <span class=\"shortcode-accordion__header__arrow\" aria-hidden=\"true\"><\/span>\n        <\/button>\n    <\/h4>\n    <div class=\"shortcode-accordion__body\" id=\"shortcode-accordion-17-panel\" role=\"region\" aria-labelledby=\"shortcode-accordion-17-trigger\" inert>\n        <!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\">\n<html><body>\n<ol>\n<li>The Arizona Board of Regents Phased Retirement Program enables eligible Optional Retirement Plan (ORP) participants to reduce their workload and hours, remain employed for up to three years, and concurrently take distributions from their ORP retirement account(s).<\/li>\n<\/ol>\n<ul>\n<li><a href=\"https:\/\/in.nau.edu\/human-resources\/retiring-from-nau\/\">Visit the phased retirement webpage.<\/a><\/li>\n<\/ul>\n<\/body><\/html>\n\n    <\/div>\n<\/div>\n<!-- shortcode-accordion -->\n<div class=\"shortcode-accordion shortcode-accordion--closed\" style=\"position: relative;\" >\n        <h4 class=\"shortcode-accordion__header\">\n        <button type=\"button\" class=\"shortcode-accordion__trigger\" data-header=\"Who is eligible for phased retirement?_0\" id=\"shortcode-accordion-18-trigger\" aria-expanded=\"false\" aria-controls=\"shortcode-accordion-18-panel\">\n            Who is eligible for phased retirement?\n            <span class=\"shortcode-accordion__header__arrow\" aria-hidden=\"true\"><\/span>\n        <\/button>\n    <\/h4>\n    <div class=\"shortcode-accordion__body\" id=\"shortcode-accordion-18-panel\" role=\"region\" aria-labelledby=\"shortcode-accordion-18-trigger\" inert>\n        <!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\">\n<html><body>\n<p>To participate in the phased retirement period, you must:<\/p>\n<ul>\n<li>be at least 62 years old<\/li>\n<li>be fully vested in the ORP<\/li>\n<li>enter into a written Phased Retirement Agreement with the University<\/li>\n<\/ul>\n<p>The agreement must be finalized, approved, and accepted by the University and submitted to Human Resources before the beginning of the employee&rsquo;s next contract period.<\/p>\n<ul>\n<li><a href=\"https:\/\/in.nau.edu\/human-resources\/retiring-from-nau\/\">Visit the phased retirement webpage.<\/a><\/li>\n<\/ul>\n<\/body><\/html>\n\n    <\/div>\n<\/div>\n<!-- shortcode-accordion -->\n<div class=\"shortcode-accordion shortcode-accordion--closed\" style=\"position: relative;\" >\n        <h4 class=\"shortcode-accordion__header\">\n        <button type=\"button\" class=\"shortcode-accordion__trigger\" data-header=\"What happens to my ORP account if I leave the university?_0\" id=\"shortcode-accordion-19-trigger\" aria-expanded=\"false\" aria-controls=\"shortcode-accordion-19-panel\">\n            What happens to my ORP account if I leave the university?\n            <span class=\"shortcode-accordion__header__arrow\" aria-hidden=\"true\"><\/span>\n        <\/button>\n    <\/h4>\n    <div class=\"shortcode-accordion__body\" id=\"shortcode-accordion-19-panel\" role=\"region\" aria-labelledby=\"shortcode-accordion-19-trigger\" inert>\n        <!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\">\n<html><body>\n<p>If you participate in a primary or supplemental retirement plan and are leaving the university but not retiring, you may be eligible to:<\/p>\n<ul>\n<li>request a refund or distributions of your employee contributions, vested employer contributions if any, and interest earned on these amounts;<\/li>\n<li>roll over your retirement funds to an IRA or other qualified retirement plan; or<\/li>\n<li>leave your contributions on deposit for a future benefit.<\/li>\n<\/ul>\n<p>Contact your retirement plan or investment manager to review your options or to request a refund or distribution.<\/p>\n<p>Visit the <a href=\"https:\/\/in.nau.edu\/human-resources\/benefit-contact-information\/\">Vendor Contact webpage<\/a> which includes the provider&rsquo;s website address and customer service phone number.<\/p>\n<\/body><\/html>\n\n    <\/div>\n<\/div>\n<!-- shortcode-accordion -->\n<div class=\"shortcode-accordion shortcode-accordion--closed\" style=\"position: relative;\" >\n        <h4 class=\"shortcode-accordion__header\">\n        <button type=\"button\" class=\"shortcode-accordion__trigger\" data-header=\"How long do I need to wait after I leave university to request a distribution of my account?_0\" id=\"shortcode-accordion-20-trigger\" aria-expanded=\"false\" aria-controls=\"shortcode-accordion-20-panel\">\n            How long do I need to wait after I leave university to request a distribution of my account?\n            <span class=\"shortcode-accordion__header__arrow\" aria-hidden=\"true\"><\/span>\n        <\/button>\n    <\/h4>\n    <div class=\"shortcode-accordion__body\" id=\"shortcode-accordion-20-panel\" role=\"region\" aria-labelledby=\"shortcode-accordion-20-trigger\" inert>\n        <!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\">\n<html><body>\n<p>You can request a distribution after you have received your final pay and made your final contribution to the plan. Remember if you leave NAU before you meet vesting qualifications, you relinquish the employer contributions.<\/p>\n<\/body><\/html>\n\n    <\/div>\n<\/div>\n\n<h3 style=\"text-align: left\"><em><strong>Still have questions?? <\/strong><\/em><\/h3>\n<p style=\"text-align: left\">Review additional <a href=\"https:\/\/in.nau.edu\/human-resources\/benefits-faqs-main\/\" target=\"_blank\" rel=\"noopener noreferrer\">FAQs on other Benefit plans<\/a> or contact the Benefits Team at nauhrbenefits@nau.edu or call (928) 523-2223.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>General Investments Contributions and Vesting Loans and Distributions Still have questions?? Review additional FAQs on other Benefit plans or contact the Benefits Team at nauhrbenefits@nau.edu or call (928) 523-2223.<\/p>\n","protected":false},"author":619,"featured_media":18544,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"ring_central_script_selection":"","footnotes":""},"class_list":["post-18318","page","type-page","status-publish","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/in.nau.edu\/human-resources\/wp-json\/wp\/v2\/pages\/18318","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/in.nau.edu\/human-resources\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/in.nau.edu\/human-resources\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/in.nau.edu\/human-resources\/wp-json\/wp\/v2\/users\/619"}],"replies":[{"embeddable":true,"href":"https:\/\/in.nau.edu\/human-resources\/wp-json\/wp\/v2\/comments?post=18318"}],"version-history":[{"count":2,"href":"https:\/\/in.nau.edu\/human-resources\/wp-json\/wp\/v2\/pages\/18318\/revisions"}],"predecessor-version":[{"id":24306,"href":"https:\/\/in.nau.edu\/human-resources\/wp-json\/wp\/v2\/pages\/18318\/revisions\/24306"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/in.nau.edu\/human-resources\/wp-json\/wp\/v2\/media\/18544"}],"wp:attachment":[{"href":"https:\/\/in.nau.edu\/human-resources\/wp-json\/wp\/v2\/media?parent=18318"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}