OHSU offers a very generous retirement benefit. Employees working a minimum of 600 hours in a calendar year at OHSU are eligible to participate after six full calendar months of employment*, with the exception of students, house officers and fellows. Employees choose between the 401(a) University Pension Plan (UPP) and the Oregon Public Service Retirement Plan (OPSRP). These plans include OHSU-paid retirement benefits.
The UPP contribution amount and eligibility for a 403(b) match is based on employee representation group and hire date. Additionally, employees who want to supplement their retirement savings can participate in the University Voluntary Savings Program, which consists of a 403(b) plan and a 457(b) plan. Employees contribute directly to these plans through pre-tax and/or after-tax payroll deductions.
*Employees hired into Unclassified Administrative, Research and Faculty positions July 1, 2019 or later are eligible to participate in the UPP after three full calendar months of employment.
**Employees hired into AFSCME positions September 30, 2019 or later are eligible to participate in the UPP after three full calendar months of employment.