When leaving OSU employment, please contact the Retirement team in the Employee Benefits office about your vesting status in your retirement plan account(s).
Employee Benefits Retirement Team Email: [email protected] Phone: 541-737-8254 or 541-737-5689 Schedule Appointment: https://hr.oregonstate.edu/benefits/contact-us (under "Retirement")
Vesting Information: 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
- Phone: 888-320-7377 or 503-603-7766
- Submit A Question
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
Vesting Information: Voluntary Retirement Savings Programs
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
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.
Fidelity
- Justin Blatny
- Email: [email protected]
- Phone: 503-278-0414
TIAA
- AJ Martinez, CFP Email: [email protected]
- Ian Rothrock - (Yo hablo español) Email: [email protected] Phone: 720-572-6595
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]
Classified Employees
Staff (Classified) Leave Accrual & Use of Leave Time Webpage: https://hr.oregonstate.edu/benefits/leaves/classified-leave-accrual-use…
- 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.
- Compensatory Time (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.
Unclassified Employees
Faculty (Unclassified) Leave Accrual & Use of Leave Time Webpage: https://hr.oregonstate.edu/benefits/leaves/unclassified-leave-accrual-u…
- 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).
- Compensatory Time (Comp Time)
- Unused balance is paid out.