CSHB 264 proposes to allow higher education institutions to make supplemental contributions to the Optional Retirement Program (ORP). Such contributions may be different for participants employed prior to August 31, 1995 than for those employed after said date. Although there will be a cost associated with this bill if enacted, the bill will not have an actuarial effect because ORP is a defined contribution (DC) plan. Actuarial soundness is not a measure of soundness for DC plans, which are defined as, "a pension system providing pension benefits equal to the combined employer and employee contributions plus interest and minus administrative expenses."