On July 1, 2014, the Optional Retirement Plan (ORP) and the Tax-Deferred Investment 403(b) Plan (TDI) were renamed. These plans, formerly known as the Oregon University System (OUS) plans, are now the Oregon Public Universities Retirement Plans (OPURP). The name change is part of the state-wide reorganization of higher education that creates independent institutional boards of trustees for each university, and transfers the role of the Oregon State Board of Higher Education as the plans’ sponsor to the Board of Trustees of the University of Oregon, on behalf of the Eastern Oregon University, the Oregon Institute of Technology, Oregon State University, Portland State University, Southern Oregon University, and Western Oregon University. This does not affect participants’ accounts, investment options, or providers (Fidelity, TIAA-CREF, VALIC). Participants’ handbooks, forms, and provider websites have been converted to the plans’ new name. In addition, the What’s New tab on this site shows ORP and TDI other mid-year updates for current and new participants. Please change your bookmarks for the ORP and TDI plans to the new web address for the Oregon Public Universities Retirement Plans to www.OPURP.org .
Oregon Public Universities - Retirement Benefits
RETIREMENT AND SAVINGS PLANS
- These plans are sponsored and operated exclusively on behalf of the Oregon Public Universities.
- A pension alternative for academic and administrative unclassified employees, designed to provide choice and portability of retirement investments. Eligible employees may participate in the ORP in lieu of PERS.
- A voluntary retirement savings plan for classified and unclassified employees, the TDI provides pre-tax savings for retirement. The TDI can be used by in addition to the basic pension, and by eligible employees who do not participate in the ORP or PERS.
- News 07/1/14 - ORP "What's New" Guide 2014
- TDI 403(b) Universal Availability Notice
- News,Notices & Meetings Archive
Oregon PERS (Public Employees Retirement System)PERS/OPSRP and the Oregon Savings Growth Plan are operated by the State of Oregon, and are available to university and other public employees