Leaving OSU Employment

Ending Employment
Retiring

Ending Employment

Accrued Leave When Leaving OSU Employment

If you have any questions concerning your unused leave payout when leaving OSU employment, please contact the Lifecycle Team in your HR Service Center.

HR Service Center Email: [email protected]

Page Link https://hr.oregonstate.edu/benefits/leaves/classified-leave-accrual-use-leave-time
Sick Leave
  • Unused balance is not paid out.
  • For PERS Tier 1 & Tier 2 members, the balance is reported to PERS at retirement/termination.
Vacation
  • Unused balance is paid out up to the accrual limit of 250 hours.
Comp. Time
  • Balance is paid out.
Exchange Time
  • Balance is not paid out.
Personal Leave
  • Unused balance is not paid out.
  • IMPORTANT: Personal Leave is awarded in July each year. If you retire/terminate employment prior to working 1,040 hours in the fiscal year (July - June), the value of any used Personal Leave may be recovered when you retire/terminate employment.

 

 

 

 

 

Page Link https://hr.oregonstate.edu/benefits/leaves/unclassified-leave-accrual-use-leave-time
Sick Leave
  • Unused balance is not paid out.
  • For PERS Tier 1 & Tier 2 members, the balance is reported to PERS at retirement/termination.
Vacation
  • Unused balance is paid out up to 180 hours (accrual limit is 260 hours).
Comp. Time
  • Balance is paid out.
Exchange Time N/A
Personal Leave

N/A

Financial Advice

Fidelity or TIAA You can contact our Fidelity and/or TIAA representatives for financial advice on what to do with your 100% vested retirement/pension plan account(s) when leaving employment at OSU.

 

Health Care Options 

Contact the PEBB team at [email protected].

Fidelity
TIAA

Retiring

When leaving OSU employment, please contact the Retirement team in the Employee Benefits office about your vesting status in your retirement plan account(s).

Retirement Programs 

Oregon Public Employees Retirement System (PERS)

IAP

  • 100% vested once membership is established

OPSRP pension program (Tier 3)

  • IMPORTANT: Always confirm vesting status directly with PERS.
  • 100% vested after completing five years of qualifying service OR upon reaching "normal" retirement age (age 65 for General Service Employees, age 60 for Police & Fire Employees) while actively employed in a qualifying position

PERS pension program (Tier 2)

  • IMPORTANT: Always confirm vesting status directly with PERS.
  • 100% vested after completing five years of qualifying service OR upon reaching "normal" retirement age (age 60 for General Service Employees, age 55 for Police & Fire Employees) while employed in a qualifying position

PERS pension program (Tier 1)

  • IMPORTANT: Always confirm vesting status directly with PERS.
  • 100% vested after completing five years of qualifying service OR upon reaching "normal" retirement age (age 58 for General Service Employees, age 55 for Police & Fire Employees) while employed in a qualifying position

Contact PERS

 

Oregon Public Universities Optional Retirement Plan (ORP)

Employer Match Account - Tier 4 only

  • 100% vested once membership is established

Employer Contribution- Tiers 1, 2, 3, and 4

  • 100% vested after receiving contributions in five calendar years OR at age 50 while employed

Employee Account - Tiers 1, 2, and 3

  • 100% vested once membership is established

 

Voluntary Retirement Savings Program

Tax Deferred Investment (TDI) 403(b) Plan

  • 100% vested once membership is established

Oregon Savings Growth 457 Plan (OSGP)

  • 100% vested once membership is established

 

Health Care Options

You have several options available to you upon leaving OSU employment or retiring from OSU.