New: Fidelity may offer their members hardship withdrawals to employees impacted by COVID-19. Employees can go to this section of Fidelity’s website to find out more information here.

OSU offers two voluntary retirement savings programs to increase your retirement income through regular, planned investing. Participation is completely voluntary (optional). You can participate in one or both programs, enroll at any time, and make changes at any time during the calendar year. You determine how much to save each month based on a percentage of your gross salary. Monthly contributions are made to your voluntary retirement savings account(s) through payroll deduction and can be made either on a pre-tax or post-tax (Roth) basis.

Tax Deferred Investment (TDI) 403(b) Plan

  • Participants manage their TDI 403(b) account
  • Contributions are invested with Fidelity or TIAA
  • Choose between mutual funds and annuity products
  • Contributions can be made either on a pre-tax and post-tax (Roth) basis

Oregon Savings Growth 457 Plan (OSGP)

  • This is a deferred compensation account that is managed for you by the Public Employee Retirement System (PERS)/Voya
  • Contributions can be made on either a pre-tax or post-tax (Roth) basis

PLEASE READ CAREFULLY – DISCLAIMER

The information on this website and in the Oregon Public Universities TDI 403(b) Guide is intended to assist in the administration of the plan, and it includes a summary of common TDI 403(b) Plan provisions. In case of conflict between this website or guide and the official plan documents of the TDI 403(b) and Oregon state law, the official plan documents, Oregon state law, and federal regulations will govern.

Eligibility to Participate

  • Available to Faculty (unclassified), Postdoctoral Scholars, Clinical Fellows, and Staff (classified) of the Oregon Public Universities
  • Student employees are not eligible

Contribution Limits

  • Important:
    • Remember to leave enough gross salary to cover taxes and optional deductions. If there is not enough gross salary left in your monthly paycheck to cover the full amount of your 403(b) Plan and/or 457 Plan contribution(s), the contribution(s) will not be taken out of your monthly paycheck; it is all or nothing.
    • A small change to taxes and optional deductions in your monthly paycheck could result in not enough gross salary left in your monthly paycheck to cover the full amount of your 403(b) Plan and/or 457 Plan contribution(s). Whenever making changes to the taxes and optional deductions in your monthly paycheck, be sure to review your OSU paystub and consult with your plan sponsor or financial/retirement planner on adjusting your 403(b) Plan and/or 457 Plan monthly contribution(s) correspondingly.
  • Monthly limits
    • Minimum of 1% of gross salary or $25 per month
    • Maximums:
      • If contributing only pre-tax, maximum of 85% of gross salary.
      • If contributing only post-tax Roth, maximum of 60% of gross salary.
      • If contributing pre-tax AND post-tax Roth, maximum of 60% of gross salary.
  • Yearly limits
    • 2021 IRS maximum
      • $19,500 if under age 50
      • $26,000 if age 50+
    • 2020 IRS maximum
      • $19,500 if under age 50
      • $26,000 if age 50+
    • Maximum contributions up to the IRS limit for the calendar year.
    • Maximum contribution amounts can be found on the enrollment forms and are based on age (under age 50 or age 50+).
    • Maximum contributions are considered separately for the TDI 403(b) Plan and 457 Plan. You can contribute the IRS maximum to both the TDI 403(b) Plan and the 457 Plan if you participate in both plans.

Enrollment

Tax Deferred Investment (TDI) 403(b) Plan Enrollment

Oregon Savings Growth 457 Plan (OSGP) Enrollment

Changes During the Calendar Year

  • Changes can be made during the calendar year. Changes include:
    • Start contributions at any time
    • Stop contributions at any time
    • Increase contribution amount at any time
    • Decrease contribution amount at any time
    • Change from pre-tax to post-tax (Roth) contributions at any time
    • Change from post-tax (Roth) to pre-tax contributions at any time
    • Change plan vendor (Fidelity to TIAA OR TIAA to Fidelity) only one time per calendar year, applies to 403(b) Plan only

Change/Stop Contribution Forms

Tax Deferred Investment (TDI) 403(b) Plan Changes

Oregon Savings Growth 457 Plan (OSGP) Changes

Vesting

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

Resources

Tax Deferred Investment (TDI) 403(b) Plan Resources

Oregon Savings Growth 457 Plan (OSGP) Resources

Other Resources