Common use of Optional Retirement Program Clause in Contracts

Optional Retirement Program. LEAVE WITH AND WITHOUT PAY A. The activation date of approved military leave should be the date that the employee is activated. B. As a condition of membership in the Optional Retirement Program, no death benefit or right to file for a disability benefit from the State Retirement Agency is available. C. While still on the payroll, institution contributions to the employee's ORP and State service credit shall continue. D. No State service credit shall accrue, nor shall institution contributions be made, while the employee is on Leave Without Pay. Upon return to work, USM institution contributions shall resume.

Optional Retirement Program. LEAVE WITH AND WITHOUT PAY A. The activation date of approved military leave should be the date that the employee is activated. B. As a condition of membership in the Optional Retirement Program, no death benefit or right to file for a disability benefit from the State Retirement Agency is available. C. While still on the payroll, institution employer contributions to the employee's ORP and State service credit shall continue. D. No State service credit shall accrue, nor employer contributions shall institution contributions be made, while the employee is on Leave Without Pay. Upon return to work, USM institution employer contributions shall resume.