Voluntary Retirement

Voluntary Retirement Plans offer OSU/A&M employees an opportunity to set aside retirement savings on a voluntary basis. OSU/A&M employees have four options: 403(b) Plan, Roth 403(b) Plan, and 457(b) Plan and Roth 457 (b) Plan. You decide how much money to contribute within the guidelines set by the Internal Revenue Service.

The Roth 457(b) option is available for contributions effective 1/1/2025.

How it Works

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) and/or the Roth 457 (b) Plan. Contributions are remitted to TIAA, the plan provider. All contributions are immediately vested.

• Eligibility

  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 (FTE), or length of appointment.

• Contributions

  Minimum contribution is $15 per month for each plan. The maximum tax-deferred contribution limit is established by Internal Revenue Service regulations.

  The 403(b) and 457(b) maximum limits are subject to you having enough eligible annual compensation to contribute at the limit. If you contribute to a non-OSU/A&M 403(b) and/or 457(b) plan or another qualified retirement plan during the same calendar year, you should consult your tax advisor regarding the overall limits that apply in your individual circumstances.

  The following chart outlines the limits for each plan:

  Calendar Year	Age As of 12/31 of Calendar Year	Maximum Contribution Per Plan	Combined Total to 403(b) and 457(b)
  2025	under 50	$23,500	$47,000
  2025	50-59, 64+	$31,000	$62,000
  2025	60-63	$34,750	$69,500
  2026	under 50	$24,500	$49,000
  2026	50-59, 64+	$32,500	$65,000
  2026	60-63	$35,750	$71,500

  OSU 2025 FICA earnings over $150,000 and age 50 or older, pre-tax contributions are limited to $24,500 and catch-up contributions must be made to the ROTH option on all plans.
• Contribute, Change or Cancel Contributions

  To begin contributions, change the 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
  

Information:

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

OSU/A&M Retirement Program Guide

Forms:

OSU/A&M Voluntary Salary Reduction Agreement Form