In 1981, the ACC Board of Trustees decided that the College would not participate in Social Security. Thus, for retirement purposes, ACC employees must participate in the Teacher Retirement System of Texas (TRS), the Optional Retirement Program (ORP) or the ACC Money Purchase Plan (ACCMPP). Participation in the plans is determined as follows:
TRS – Upon initial employment, all ACC full-time (40 hours per week) and part-time (20-39 hours per week) Staffing Table employees are automatically enrolled in TRS. All other employees may become eligible based on establishing a pattern of regular eligible employment of at least 20 hours per week.
ORP – Full-time (100%) faculty members and certain administrators may elect to enroll in the ORP in lieu of TRS membership during their first 90 days of eligibility. This option is only available once during a faculty member’s career in Texas higher education.
ACCMPP – Employees who are not full-time or part-time (see above) are not eligible for the TRS or ORP plans and must participate in the ACCMPP. This includes all adjunct faculty members and hourly employees who do not qualify for TRS membership, except those who are already retired from TRS or ORP, or are a full-time ACC student or work study student.
To view the five recorded presentations from the April 25, 2017 Fair, click here.
Below are the five slide presentations from the April 25, 2017 Financial Wellness Fair.