The ARP is a defined contribution plan. Your retirement income is determined by your account balance at the time of retirement, which is comprised of your employee contributions (5% of salary), the State System contributions (9.29% of salary) and any investment earnings based on the performance of the investments you choose. Participants are 100% vested from date of enrollment. Employees may enroll in any of the two available vendors, Fidelity and TIAA.
Choose your retirement vendor through the
ESS portal, then navigate to
retirement@work to set up your account, select your investments, and name your beneficiary.
ARP Comparison Guide Retirement@Work ARP User Guide
Click the participating vendors below to learn more about the investment choices, options, and enrollment with each vendor:
Alternative Retirement Plan Document
Summary Plan Description