SCRS vs. ORP
You
have the potential to earn a
higher rate of return of your
investments.
Offers
a pension benefit for the rest of
your life, no matter what
the balance is in your
account.
You
are eligible to retire when
you reach 59 ½ years of age (some
exceptions apply).
You
must meet one of the four service
retirement rules to retire.
You
are eligible for health, dental,
and life at regular premium
rates in retirement.
You
are eligible for health, dental,
and life at regular premium
rates in retirement. You can have up to $6K of free life insurance with SCRS.
9.24 % of
your gross salary
6.5% of your
gross salary
6.5% of your
gross salary