Voluntary Retirement Plans

Voluntary Retirement Plans offer OSU/A&M employees an opportunity to set aside retirement savings on a voluntary basis. OSU/A&M employees have three options: 403(b) Plan, Roth 403(b) Plan, and 457(b) Plan. You decide how much money to contribute within the guidelines set by the Internal Revenue Service. Elected contributions will be deducted from your regular paycheck on a pre-tax basis (federal and state withholdings but not FICA), or you may contribute on an after-tax basis with the Roth 403(b) Plan. Contributions are remitted to TIAA, the plan provider. All contributions are immediately vested.


All employees paid through the OSU/A&M payroll system, including student and temporary employees, are eligible to participate regardless of classification, percent of time employed, or length of appointment.


Minimum contribution is $15 per month for each plan. Maximum tax-deferred contribution limit is established by Internal Revenue Service regulations and is $19,500 for 2020.  Employees who are at least age 50 may contribute an additional $6,500. You may contribute the maximum amount for both a 403(b) plan and a 457(b) plan.

Salary Reduction Agreement:

To begin contributions, change the amount of contributions or cancel participation, you will need to complete an OSU/A&M Retirement Program Voluntary 403(b) and 457(b) Plans Salary Reduction Agreement Form for the 403(b) plan or 457(b) plan. Benefits-eligible employees can enroll and/or make changes online through BenefitFocus at any time throughout the year.

Each form authorizes your employer to reduce your pay by the amount specified and to forward the contributions to TIAA, the plan provider. Contributions are taken from each regular paycheck and cease when you reach the specified annual goal amount. If your pay for any given payroll is insufficient to take the full contribution, no contributions will be made for that payroll. If you receive fewer paychecks than originally anticipated, the annual goal amount may not be reached. You may complete more than one agreement per year. To discontinue contributions, you must complete a new agreement, indicating “zero” contributions. Your last contributions will occur in the month you submit the agreement form.

Plan Information:

Traditional 403(b), Roth 403(b), and Roth IRA Comparison Chart (pdf)

OSU/A&M Retirement Program Guide (pdf)


OSU/A&M Retirement Program Voluntary 403(b) and 457(b) Plans Salary Reduction Agreement Form (pdf)