An excellent way to save for retirement
Welcome to the website VALIC has created especially for you, as a current participant in or plan-eligible employee for the University of North Carolina Optional Retirement Program (ORP).
Since 1992, VALIC has proudly served the retirement planning and long-term investment needs of employees of all the UNC campuses. We continue to provide personal service through a dedicated team of on-campus financial advisors who will meet whenever and wherever it is convenient for you. For a list of financial advisors by campus, click here
The ORP is a defined contribution plan. The value of your benefit is not based on a predetermined formula. Contributions to your account are made by you and the University. The contributions are invested and the returns are credited to your account. The value of your account is based on the amount of contributions made to your account and the performance of the investment funds you select. Your accumulated balance provides monthly income during your retirement. Again, you control your investment choices and distribution methods.
Your employer's retirement plan is an excellent way to help accumulate money for your retirement. Income from this plan, when combined with other sources of retirement income, can help provide you with what you'll need during retirement.
Experts say that to maintain your standard of living during retirement, you may need as much as 80% of your final working year's salary. In addition, you will need to take into consideration the effect of inflation. As the cost of living rises, your purchasing power falls.
Fortunately, your employer's retirement plan can help you in many ways. Your contributions will be deducted from your pay, automatically, on a pretax basis. This means you'll be setting money aside without even thinking about it – and reducing your current taxable income at the same time.
Also, you’ll have access to a wealth of resources from VALIC. These include local help from your financial advisor, plus educational programs, materials and seminars to help you better understand retirement and financial planning issues.
Whether you’re 25 or 55, retirement is closer than you think. That’s why you should start planning, start saving and investing, and start now!
The plan highlights are only a brief overview of the plan's features and are not a legally binding document. The information in this section does not modify the terms of the plan and in the event of a conflict, the terms of the plan control.