access intranet after hours circle-arrow apply blog caret circle arrow close closer look community outreach community outreach contact contact us down arrow facebook lock solid find a provider find a clinical trial find a provider find a researcher find faculty find-a-service how to apply join leadership left arrow locations logo make a gift map location maximize minimize my chart my chart notification hp notification lp next chevron right nxt prev pay your bill play previous quality and safety refer a patient request a speaker request appointment request an appointment residents corner rss search search jobs Asset 65 submit a story idea symptom checker Arrow Circle Up twitter youtube Dino Logo External Link University Logo Color University Logo Solid Health Logo Solid Arrow Right Circle Book Calendar Date Calendar Search Date Diploma Certificate Dollar Circle Donate Envelope Graduation Cap Map Pin Map Search Phone Pills Podcast

State Retirement Plans

Participation in one of the state retirement plans is mandatory for classified employees, faculty, and employees with prior South Carolina Retirement System (SCRS) pension accounts (active or inactive). Participation is optional for temporary employees, research grant employees, residents, and postdoctoral fellows.

You have 30 days from your hire date to select a retirement plan. If you are required to participate and do not make a selection within 30 days, you will automatically default to the SCRS plan. Election of membership, whether defaulted or elected, is permanent until you separate employment.

The two state retirement plans are SCRS Traditional Pension Plan and State Optional Retirement Plan (ORP). To view the differences between the SCRS and State ORP plans you can watch the Select Your Retirement Plan video.

If in an optional participation position and you do not make a selection within 30 days, you will automatically default to the SCRS plan. Should you elect non-membership you may only join one of the plans at a later time if you are assigned to a position that requires your participation. Election of membership, whether defaulted or elected, is permanent until you separate employment.

SC Retirement System Traditional Pension Plan (SCRS)

A defined benefit plan. When you retire, you receive a monthly pension based on a formula that includes average final compensation, years of service, and a 1.82 percent benefit multiplier. You must have a minimum of 5 years of earned service (Class II members) or 8 years of earned service (Class III members) to be eligible to receive a retirement annuity. Learn more about the SCRS Plan.

South Carolina Optional Retirement Program (ORP)

A defined contribution plan. Retirement income is based on contributions, investment choices, and account balances. Learn more about ORP.

Police Officers Retirement Plan (PORS)

A defined benefit plan. When you retire, you receive a monthly pension based on a formula that includes average final compensation, years of service, and a 2.14 percent benefit multiplier. You must have a minimum of 5 years (Class II members) or 8 years of earned service (Class III members) to be eligible to receive a retirement annuity. Learn more about PORS.

The enrollment period for all ORP participants is from January 1 through March 1 of each year. During the retirement enrollment period, State ORP participants may change investment providers or, if eligible, irrevocably elect to join the SCRS. State ORP participants who have a minimum of 12 months of participation, but no more than 60 months are eligible to switch from State ORP to SCRS during the ORP retirement enrollment period. ORP participants may change investment providers regardless of participation time. Notification will be sent annually to ORP participants.

Participants can review plan information on the South Carolina Retirement Systems website as well as in the Select Your Retirement Plan Guide (PDF).