Form Orp-3 - Optional Retirement Program Of The University Of North Carolina Acknowledgement Of Particpation Page 3
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5If your retirement plan participation with The University is less than five years, the contributions made on your
behalf by the University, adjusted for investment experience of such contributions and for applicable charges, shall
be forfeited pursuant to law. You are renouncing forever any and all claim or right to such University contributions
to your UNC ORP account(s).
Delayed Notification of Enrollment in a “Like Retirement Plan” – if you select this box we will validate your
retirement plan participation to determine your vesting status. If you are vested, you will receive an
acknowledgement of your vested status from The University.
If your Retirement Plan Participation with The University is less than five years you must notify The University of
North Carolina within 12 months following the termination of your employment. It is your responsibility to notify
The University in writing (at UNC General Administration, P.O. Box 2688, Chapel Hill, NC 27515-2688) at such time
as you have enrolled in a retirement plan that meets the vesting requirements of the ORP. Failure to notify The
University within 30 days following the elapse of 12 months after termination, shall permit The University to
proceed with the forfeiture of your UNC ORP account(s) contributions, made on your behalf by The University,
adjusted for investment experience of such contributions and for applicable charges, pursuant to law. You are
renouncing forever any and all claim or right to such University contributions to my UNC ORP account(s).
If you get employed by an organization that is an NOT an institution of higher education or a health care institution,
within this 12 month period, the contributions, made on your behalf by The University, adjusted for investment
experience of such contributions and for applicable charges, shall be forfeited pursuant to law. You are renouncing
forever any and all claim or right to such University contributions to your UNC ORP account(s).
Continuing Participation in a “Like Retirement Plan” at Another Institution - if you select this box we will validate
your Retirement Plan Participation to determine your vesting status. If you are vested, you will receive an
acknowledgement of your vested status from The University.
If you are leaving employment with The University of North Carolina (UNC) with less than five years of active
participation in the UNC ORP, and will continue participating in a primary retirement plan with your subsequent
employer, then your UNC ORP account may be eligible for vesting under the terms of the plan. Your subsequent
employer's primary retirement plan must use the accounts of vendors to which you could have contributed to
under the UNC ORP, or could have contributed had you remained a participant in the UNC ORP. If you fail to enroll
in your subsequent employer’s primary retirement you will not be considered vested in the UNC ORP and shall
forfeit the contributions made on your behalf by the University, adjusted for investment experience of such
contributions and for applicable charges, in accordance with the ORP plan document. You are renouncing forever
any and all claim or right to such University contributions to your UNC ORP account(s).
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