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Task force backs study of retention measures and considers extending irreversible ORP window
Summary
Members discussed extending the irrevocable ORP decision window from five to seven years, using potential trust‑fund savings to raise employer contributions, and commissioning a study of phased retirement to retain senior faculty; actuarial and fiscal implications were flagged.
On Dec. 5 the HR 169 Task Force reviewed a package of recruitment and retention proposals aimed at improving faculty and staff retention across public higher education.
One recurring item was a proposal to lengthen the irrevocable ORP decision window from five to seven years to better align with tenure and retention timelines. Members repeatedly noted the proposal would trigger an actuarial note and could create costs the legislature or institutions…
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