Central Texas College

Frequently Asked Questions (FAQ)

1. Question: Are QPP and SPP funds available for loans or hardship withdrawals?
  Answer: QPP and SPP do not contain any provisions for loans or hardship withdrawals.
2. Question: Can an employee opt out of QPP or SPP participation?

Because of federal laws and ERISA requirements, all QPP-eligible employees MUST participate in QPP and all SPP-eligible employees MUST participate in SPP as a condition of their employment.

Note: QPP and SPP are completely separate from TRS (Teachers’ Retirement System of Texas) and ORP (Optional Retirement Plan). For TRS and ORP information, please see Retirement within Employee Benefits.