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Money and Finances
Reply to "403(b) vs. Pension"
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[quote=Anonymous][quote=Anonymous]Are you sure you can change from one to the other? I am a State of MD employee and you had 1 year to go from the traditional pension to the ORP but not vice versa. I opted for the ORP for what it's worth as I had a prior pension from another employer and trying to get to the 5 year vest in a job I hated was horrible! I have been watching the contribution rise each year. I think the ORP is better - you have more control over the returns, etc. no required time or required contributions.[/quote] This is OP- yes I'm pretty sure DH is able to change but I'm inclined to agree with you that the ORP is better, after reading this thread and calculating it out. DH really loves his job but I really doubt he'll be able to stay there for three more decades.[/quote]
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