OREGON STATE UNIVERSITY

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Retirement Resources: Savings Opportunities - 403b and 457

Two voluntary retirement savings plans offer a way to increase your retirement income through regular, planned investing.  You determine how much to save each month based on a percentage of your gross salary.  Monthly contributions are made to your account through payroll deduction and can be made on either a pre-tax or post-tax basis.

PLEASE READ CAREFULLY – DISCLAIMER

The information on this website and in the OUS TDI Guide is intended to assist in the administration of the plan, and it includes a summary of common TDI Plan provisions. To obtain additional information about the Plan, talk to your campus’ Benefits Officer for specific assistance.

In case of conflict between this website or guide and the official plan documents of the TDI and Oregon state law, the official plan documents, Oregon state law, and federal regulations will govern.

Eligibility to Participate

  • Available to all classified and unclassified OUS (Oregon University System) employees
  • Student employees are not eligible

Plans

  • TDI (Tax-Deferred Investment 403(b) Plan).  Participants manage their accounts and can invest with Fidelity or TIAA-CREF.  Choose between mutual funds and annuity products.  Plans include pre-tax and post-tax Roth accounts.  More Information (http://www.ous.edu/dept/hr/benefits/tdi.php)
  •  OSGP (Oregon Savings Growth 457 Plan).  This is a pre-tax deferred compensation account that is managed for you by the Public Employees Retirement System (PERS).  More Information (http://www.oregon.gov/PERS/OSGP/index.shtml)
  • You can participate in the TDI, OSGP or both plans

Contribution Limits

  • Monthly limits
    • Minimum of 1% of gross salary or $25 per month
    • Maximum of 85% of gross salary, remember to leave enough gross salary to cover taxes and optional deductions
  • Yearly limits
    • Maximum contributions up to the IRS limit for the calendar year.  Maximum contribution amounts are found on the enrollment forms and are based on age (under 50 or 50+).
    • Maximum contributions are considered separately for the TDI and OSGP plans.  You can contribute the IRS maximum to both the TDI and OSGP if you participate in both plans.

Changes During the Year

  • Changes include:  start or stop contributions, increase or decrease contribution amount, change vendor
  • Changes can be made during the year by completing a new enrollment form

Enrollment

  • There is no waiting period
  • Enroll at any time during the year by completing the applicable enrollment form
  • Enroll in a TDI plan
    • Effective date: if the form is received by the 10th of the month, it will be effective that month
    • Enrollment is a two step process
  • Enroll in the OSGP plan
    • Effective date is the month after OSGP receives the enrollment/change form
    • To enroll complete and mail enrollment forms directly to OSGP

Resources

Employee Benefits Staff List

Employee Benefits - 204 Kerr | 541-737-2805 | general email
Donna Chastain Donna Chastain Director, Workplace Solutions 541-737-2806
Heidi Melton Human Resources Officer
Workers’ Compensation, Standard Insurance Claims (STD&LTD)
541-737-2916
Christina Schaaf Benefits Consultant
Benefit Issues for Business Centers: HSBC, BEBC & AABC
541-737-2835
Jessica Dalziel Benefits Consultant
Benefit Issues for Business Centers: UABC, FOBC & Chancellor’s Office
541-737-3521
Roshni Sabedra Benefits Consultant
FMLA/OFLA/Military Leave
541-737-5946
Whitney Barstad Benefits Consultant
Benefit Issues for Business Centers: ASBC & AMBC
541-737-2269
Patricia Young Benefits Consultant
Retirement, Savings & Pension Programs
541-737-8254