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Human Resources

Home » Employee Benefits & Retirement » Retirement

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Retirement

If you work 600 hours or more in a calendar year you may be eligible to participate in a retirement plan offered by Western Oregon University. You may be eligible to enroll in one of these plans six full months after you begin working, and should receive enrollment information from the Human Resources Office before you become eligible to participate.

Retiree Resources

  • PERS Retiree Health
  • PEBB Retiree Health
Retirement Checklist

Public Employees Retirement (PERS)

PERS (Public Employees Retirement System) offers classified and unclassified employees a defined benefit pension plus an individual account.

  • Pension plans are based on your date of hire, years of service, and earnings.
  • You accumulate assets in an individual account that is invested for you by PERS.
  • Pension benefits are generally available when you reach normal retirement age.
PERS Website

Optional Retirement Plan (ORP)

ORP (Optional Retirement Plan) is a defined contribution alternative to PERS for unclassified employees whose career mobility may take them outside Oregon and to other employers.

  • ORP participants select mutual funds and annuities for their investments, and participants manage their accounts with education and retirement planning services provided by TIAA and Fidelity Investments.
  • A vested participant’s account is portable to another employer’s plan or may remain invested in the ORP if they leave an Oregon Public University.

OPURP Quarterly Newsletters

OPURP Website

Voluntary Retirement Savings Plans (Supplement Your Pension)

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, and your contributions are made to your account through payroll deductions.
  • Using these plans will not reduce your retirement benefits or eligibility for PERS, the ORP, Social Security, or Medicare.
  • You supplement your retirement benefits through as simple workplace savings plan that you may set up as soon as your first month of work, or anytime.

The voluntary retirement savings plans are available to all classified and unclassified Oregon Public University employees.

    TDI 403(b)

    • Also referred to as the Tax-Deferred Investment Plan, or TDI) is exclusively for Oregon Public University employees to supplement their retirement pensions.
    • TDI savings offer tax advantages, either as pre-tax investments or as post- tax Roth accounts that allow qualified investment earnings to be withdrawn tax-free after retirement.
    • TDI participants may choose mutual fund and annuity investment programs, and participants manage their accounts with education and retirement planning services provided by TIAA-CREF and Fidelity Investments.
    • For more information, check out the 2020 Universal Availability Notice.
    Visit Website

    Oregon Savings Growth Plan (OSGP)

    • Plan is offered to Oregon public employees by PERS.
    • The Oregon Investment Council manages a selection of investments on behalf of participants in the plan.
    • An Oregon Public University employee may select the OSGP, the TDI or both plans.
    Visit Website

    Retirement Provider Information

    Public Employees Retirement System (PERS)

    11410 SW 68th Parkway
    Tigard, OR 97223

    Phone: 503-598-7377
    Fax: 503-598-0561

    Employer Number:
    Western Oregon University
    01255

    PERS Health Insurance Program

    PO Box 40187
    Portland, OR 97240

    Phone: 1-800-768-7377

    Employer Number:
    Western Oregon University
    01255

    Fidelity

    825 SW Fifth Avenue
    Portland, OR 97204

    Phone: 1-800-343-0860
    Phone: 503-716-2533
    Fax: 508-460-2704

    Oregon Public Universities
    ORP: 71681
    TDI: 71678

    TIAA-CREF

    Braden Danielson, Financial Consultant
    4730 University Way NE, Suite 201
    Seattle, WA 98105

    Phone: 1-800-842-2888
    Phone: 503-452-6986
    Fax: 206-523-6866

    Oregon Public Universities
    ORP: 101528
    TDI: 101529

    Oregon Savings Growth Plan

    800 Summer Street NE, Suite 200
    Salem, OR 97301

    Phone: 503-378-3730
    Fax: 503-378-5888

    Retirement - Forms

    

    Forms

    • PERS IAP Retirement Designation of Beneficiary
    • PERS to ORP Transfer Form
    • ORP/PERS Election Form
    • ORP Change
    • TDI 403(b) Voluntary Savings Form
    • PERS Forms
    • The Standard Optional Life Insurance Portability
    • The Standard Retiree Life Insurance Conversion Packet
    • UNUM Long Term Care Continuation

    CONTACT

    Human Resources

    Lieuallen Administration 305
    P: 503-838-8490 | F: 503-838-8522 | E-mail: hr@wou.edu

    Western Oregon University

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    WESTERN OREGON UNIVERSITY
    345 Monmouth Ave. N.
    Monmouth OR 97361

    503-838-8000 | 1-877-877-1593

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    Western Oregon University’s Land Acknowledgement
    Western Oregon University in Monmouth, OR is located within the traditional homelands of the Luckiamute Band of Kalapuya. Following the Willamette Valley Treaty of 1855 (Kalapuya etc. Treaty), Kalapuya people were forcibly removed to reservations in Western Oregon. Today, living descendants of these people are a part of the Confederated Tribes of Grand Ronde Community of Oregon and the Confederated Tribes of the Siletz Indians.

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