Alternative Retirement Plan (ARP)

New, full-time Miami employees (including those who are moving from part-time or a temporary position to a full-time position) may elect to participate in an Alternative Retirement Plan (ARP) rather than the state retirement system (OPERS or STRS), under which their service would normally be covered.

The Ohio Alternative Retirement Plan (ARP) is a 401(a) retirement plan offered to specific groups of employees of Ohio's public universities as an alternative to the Ohio State Teacher Retirement System (STRS) and the Ohio Public Employee Retirement System (OPERS). Ohio law requires public universities to allow a minimum of four approved ARP vendors to administer the Plan.

Investment options are selected and monitored by the Miami University Retirement Advisory Committee and Cammack, its independent investment consultant.

Employees considering the ARP in lieu of other state retirement plans are encouraged to evaluate each vendor's information (shown below), annual reports, fee disclosures, and objectives to determine what they have to offer. You may also consult with a financial expert, if you feel the need.

To elect the ARP, you must choose an approved ARP vendor within 120 days from your full-time hire date, set up an account, and then allow the vendor to invest your retirement contributions.

Approved Vendors

Miami University has approved the following vendors to offer Alternative Retirement Plans. Select the company name for contact information and website.

Equitable (formerly AXA)

Carol Rodgers-Rivir, 859-630-2226,



Laura Maxwell, 513-263-2825,


AIG Retirement Services

Dean Koller, 614-980-9271 (cell)

William Whiteley, IV, 513-404-9212 (cell)


Voya Financial Advisors

Matt Carter, 513-651-5224, 800-451-4702 x405480,

Derek Stiles, 937-353-5472, 800-451-4702 x4025472,

Jeff Rankin, CFS, 937-353-5492, 800-451-4702 x4025492,


Electing the ARP

You have 120 days from your full-time hire date to elect either the state plan or the ARP by submitting the Retirement Plan Election (PDF 65KB) to the Benefits office in 15 Roudebush, faxing to number 513-529-4223, or email (without SSN) to

Once you have selected the ARP, your election is final and irrevocable (i.e., you cannot change to OPERS or STRS), but you can change your ARP vendor once per calendar month in the Retirement@Work portal. Your vendor change will be effective on the first of the following month.

Contribution Amounts

ARP participants are required to contribute the same amount under the ARP as they would to the applicable state retirement system (OPERS or STRS).

However, Ohio Revised Code Section 3305.06 requires that when an ARP is chosen, a portion of the employer contribution (called a "mitigating fee") is also sent to the applicable state system (OPERS or STRS) to mitigate negative financial impacts of the ARP on that system. As a result, ARP contribution amounts are as follows:

  • Non-faculty employees must contribute 10% of their salary to the ARP. Miami will also contribute an amount equivalent to 14% of their salary (less a 2.44% ARP-OPERS mitigating fee, for a total ARP contribution of 11.56%). 
  • Faculty must contribute 14% of their salary to the ARP. Miami will also contribute an amount equivalent to 14% of their salary (less a 4.47% ARP-STRS mitigating fee, for a total ARP contribution of 9.53%). 

You are 100% vested in your contributions immediately. After completing one year of service, you are 100% vested in Miami's employer contributions.

Please note: If you do not submit the retirement plan election form and set up your account with your chosen approved vendor within 120 days, you will default to the State's plan.