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If you are eligible for SCRS or State ORP membership, you determine which of the two plans best meets your retirement needs. Your choice will affect your financial future and retirement income security. Before you decide which plan is best for you, you should review the Select Your Retirement Plan guide for a comparison of the two plans.
You have 30 days from your date of hire to make your decision. If you do not make a selection, you will automatically become a member of SCRS. If you choose State ORP, you must choose an authorized investment provider (listed below on this page). You must then choose from the investment products offered by your chosen investment provider. Before selecting an investment provider or investment products, read the fund prospectus carefully.
Investment
Education (The Basics)
What Type of Investor Are You? is a two-page questionnaire that will help you determine an investment strategy with which you can be comfortable by measuring how long you have before retirement and how willing you are to ride the ups and downs of the market. This important tool can indicate the type investor you may be and provide a matching model portfolio for your investments.
Investment Policy
The statement of Investment Policy serves the following purposes:
Plan Document
Select Your Retirement Plan This guide is intended to acquaint eligible employees with the two retirement plan options available to them at hire: SCRS and State ORP. The guide also provides a comparison of the two plans and instructions for enrolling in either plan.
Select Your Retirement Plan in Adobe PDF format Investment Fees, Expense Information, and Hypothetical Illustration Benefit Comparison Calculator for State ORP
Investment
Product Information for State ORP Each of the companies designated to provide investment products for the State ORP has prepared a table that shows general information and historical returns about each of the products being offered. Click on the links below to view a specific vendor's product information.
AIG Retirement Investments for State ORP
MetLife Resources
Investments for State ORP The Hartford Investments for State ORP
TIAA-CREF
Investments for State ORP
Withdrawal
Restrictions on
Investment Products
AIG Retirement Withdrawal Restrictions for SC State ORP MetLife Resources Withdrawal Restrictions for SC State ORP The Hartford Withdrawal Restrictions for SC State ORP TIAA-CREF Withdrawal Restrictions for SC State ORP Watch List & Performance Summary
Note: For clarification on the “Status” indicator and how funds are placed on the “Watch List”, please read the South Carolina State Optional Retirement Program Investment Policy, section II, Performance Measurement and Retention Guidelines, on page 9.
Investment Provider Information
The
following companies have been selected to provide the annuities, mutual
funds, and similar investment products for the State ORP. For questions concerning the investment products and to obtain a
copy of a fund prospectus, contact the investment provider. The contact information for each provider is listed below along
with a link to the provider's Web site.
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