Tax Sheltered Annuity Plans 403(b) 

Get valuable benefits for retirement savings:

• Tax-deferred investment earning.
• Ability to reduce your taxable income.
• Catch-up contributions.
• Ability to have earnings withdrawn tax-free.
• Investment options that you can control.
• Access your accounts when you have a distributable event under the plan.
• Portability.

Ready to start setting a little aside for the kind of retirement you can look forward to? 

Click here to see the District's Universal Availability Notice for more information

VOYA
Contact:  Email either Samantha White or Elle Brooks or call 541-343-2928.

American Fidelity
Contact:  Email Faith Perry or call 541-954-6000.

Horace Mann
1-800-999-1030

American Century
1-800-345-3533 (ext. 47409)

smartSAV by PENSERV (Formerly Foresters Financial)
Contact: Ryan Eichmann 503-296-7676

All account management for TSA Plans go through our Third Party Administrator, OMNI.

To begin contributions, and to manage existing contributions, click on this link:  Here is the OMNI Website

From there you can click: 403(b) Online SRA Submission or the 403(b) SRA Downloadable Version.

For a Recurring Contribution with a VOYA account:  Line 1. Plan Type: 403, the Investment Provider: Voya (VRIAC) and enter the amount (you won’t need your account number for this existing plan).

Then follow the instructions on the screen to submit your request.

Questions? Contact Omni toll free:  1-877-544-6664

Oregon Savings Growth Plan (OSGP)
​OSGP​​ is a 457(b) deferred compensation plan that provides Oregon public employees with a convenient way to save for retirement by allowing them to contribute a portion of their salary on a pre or after tax basis. Unlike other types of plans, the 457(b) distributions are based primarily on a participant's severance from employment, as opposed to their age. 

Additionally, 457(b) plans may offer distributions to a participant based on an unforeseeable emergency for:

• an illness or accident of the participant, the participant's beneficiary, or the participant's or beneficiary's spouse or dependents;
• property loss caused by casualty (for example, damage from a natural disaster not covered by homeowner's insurance) of the participant or beneficiary;
• funeral expenses of the participant's spouse or dependent; and
• other similar extraordinary and unforeseeable circumstances resulting from events beyond the control of the participant or his or her beneficiary (for example, imminent foreclosure or eviction from a primary residence, or to pay for medical expenses or prescription drug medication).

The participant seeking the distribution must show that the emergency expenses could not otherwise be covered by insurance, liquidation of the participant's assets or cessation of deferrals under the plan.

 All state employees, and local governments who opt to participate, are eligible to enroll upon hire.

HOW TO LEARN MORE AND ENROLL:
            Step 1: Contact the OSGP Administrator Jack Schafroth at 503-603-7632
            Step 2: Complete the Enrollment Form
            Step 3: Email to Jack Schafroth or mail to the address below:

                          Mailing ​​address:
                          OSGP
                          800 Summer St NE Suite 200
​                          Salem OR 97310

Note: You can learn more information by navigating to the Oregon Savings Growth Plan website. However, enrolling  online is not recommended at this time due to ongoing website maintenance. 

​OVERSIGHT, AUTHORITY, and ADMINISTRATION

• Trustee – Oregon Public Employees Retirement System (OPERS) Board
• Administrator –  Director, OPERS
• Investment Oversight – Oregon State Treasury (OST) and the Oregon Investment Council (OIC)
• Record Keeper – VOYA Financial
• Custodian – State Street Bank
• Investment Consultant – Callan LLC
• OSGP Advisory Committee
• OSGP Plan Number: 03110

Click here to find access to benefit estimates, pre-retirement guide, forms (including Retirement Application), and more!

Life changes? Here is the link to PERS FAQs, where you will find information about what to do if you change jobs, quit your job, get married, get divorced, become disabled, and more.

Click here to access PERS FAQ's

Click here to access the PERS Most Requested Forms page

What Retirement Tier am I in? (Below is a summary; Click the link Here for more details.)

If you began working for a PERS-participating employer and worked six full calendar months for a PERS-participating employer in a qualifying position requiring at least 600 hours per calendar year you qualify for:

Tier One/Tier Two and Individual Account Program (IAP) Preretirement Guide (Hired before 8/29/2003)

• Tier One - began working on or before December 31, 1995.
• Tier Two - began working on or before January 1, 1996, and before August 29, 2003.

OPSRP Pension Program and Individual Account Program (IAP) Preretirement Guide

Tier Three OPSRP (Oregon Public Service Retirement Plan members) - began working on or before August 28, 2003

Can I work retired? Click here to see the limitations

FAQ's:

1. How do I get started? Talk to your financial advisor for advise on the best time to retire from PERS.
2. I'm ready to begin the process, what do I do next?
   For PERS - initiate the application process. Click here to visit the website
   For the District - submit a letter of resignation that includes your PERS Retirement Date (always the first day of the month in which you plan to retire from PERS), and your DISTRICT retirement date. Here is an example:
   "I would like submit my resignation for PERS Retirement purposes. My PERS retirement date is January 1, 2024. I would like to continue working in my position for the remainder of the school year, and would like to return in for the 2024-2025 school year".
3. What changes for me after I become working retired?
   • ​​​​​​​All of your accrued leave up to your PERS retirement date is submitted to PERS. You are then awarded leave at the accrual rate beginning on your first day of working retiree status. For example, if you retire from PERS January 1, then you would accrue leave from January through the last month of your work calendar.  Sick Leave, Personal Leave, Vacation (if applicable) is accrued and front loaded, and does not carry over from year to year.
   • All of your wages up to your PERS retirement date are paid and reported to PERS. You would then resume pay, calculated using the number of days remaining in your work calendar. For example, pay would be averaged through December 31 and paid to you on your December paycheck and totals to date reported to PERS.  Paychecks would then be recalculated and averaged beginning January 1 through the end of your work calendar.
   • District contributions to your PERS ends.
4. What doesn't change for me after I become working retired?
   • Your pay rate does not change.
   • Insurance: Opt-Out and District Insurance Benefits remain the same as other active employees. There are no changes to benefits until you retire from the District.

Contact Human Resources for assistance:

Certified and Administrative staff contact Amanda Hill: ahill@roseburg.k12.or.us
Classifed and Confidential staff contact Megan Hansen: mmhansen@roseburg.k12.or.us