State of Oregon retirement eligibility is determined by working in a qualified position for at least six full months at half-time or greater, where SOU covers the employer and employee contributions. However, all employees do have the opportunity to contribute to retirement savings plans through regular monthly payroll deductions into either a Tax Deferred Investment 403(b) and Oregon Savings Growth 457 Plan.

For webinars, local meetings and information about scheduling with a retirement representative, please go to the Retirement Education webpage.

Voluntary Retirement Accounts (Available for All Employees)

All employed by SOU have the opportunity to voluntarily contribute their own money into retirement savings plans through regular monthly payroll deductions into the following plans:

State Retirement for Classified Employees

  • Employees in a Classified position that have met eligibility are automatically placed into OPSRP (Oregon Public Service Retirement Plan), the newest tier of PERS (Public Employees Retirement System). The OPSRP tier is a defined benefit pension plus an individual account. Pension vesting requires 5 years of at least 600 hours of employment, with Pension benefits determined by years of service and date of hire.  The individual account or IAP (Individual Account Program) is vested immediately and available for lump sum distribution or dispersed payment options. Pension benefits are generally available when you reach a normal retirement age of 65. Contributions and benefits are based upon only salary subject to Oregon taxes. Employees not living or working in the State of Oregon (not paying Oregon taxes) may not be eligible. 

State Retirement for Unclassified Employees

Employees working in an Unclassified position are allowed a choice between one of the following retirement plans:
  • OPSRP (Oregon Public Service Retirement Plan) is the newest tier of PERS (Public Employees Retirement System). The OPSRP tier is a defined benefit pension plus an individual account. Pension vesting requires 5 years of at least 600 hours of employment, with Pension benefits determined by years of service and date of hire.  The individual account or IAP (Individual Account Program) is vested immediately and available for lump-sum distribution or dispersed payment options. Pension benefits are generally available when you reach a normal retirement age of 65. Contributions and benefits are based upon only salary subject to Oregon taxes. Employees not living or working in the State of Oregon (not paying Oregon taxes) may not be eligible.
  • 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. The ORP is maintained by OPURP (Oregon Public Universities Retirement Programs). ORP participants select mutual funds and annuities through TIAA-CREF or Fidelity. A vested participant’s account is portable to another employer’s plan or may remain invested in the ORP if she/he leaves the State of Oregon employment. Partial vesting occurs immediately upon enrollment with full vesting after contributions in 5 years or age 50. New members are placed in Tier Four, where SOU will match up to 4% into a TDI 403(b) plan.


Retirement Resources

For webinars, local meetings and information about scheduling with a retirement representative, please go to the Retirement Education webpage.

If looking to retire, our Retiree Checklist can assist. It has items to complete 24 months prior to retirement, 12 months prior to retirement, and 3 months prior to retirement.