OREGON UNIVERSITY SYSTEM

These are important details regarding this plan.

ELIGIBILITY

All Oregon University System employees and OSU clinical interns are eligible. Student employees may not participate.

CONTRIBUTIONS

This plan allows only for employee contributions on a voluntary basis. Deferrals must be a whole percent of pay with a minimum contribution of $25.00 per month.

EMPLOYER MATCHING

For Tier 4 employees your university will match up to 4% of contributions you make to the TDI.

VESTING

"Vesting" refers to an employee's right, usually earned over time, to receive some retirement benefits regardless of whether or not they remain with the employer. You will be vested in the employer contributions according to the following schedule:

INVESTMENTS

Your employer offers you a variety of investment choices from an array of asset classes. You can see a list of the investment choices under this plan on the Investment Choices page.

EXPENSES

Expenses vary from investment to investment. To learn about expenses associated with an investment, see a list of the investment choices under this plan on the Investment Choices page, and read the Fact Sheet or the prospectus for that investment.

DISTRIBUTIONS

You have a variety of options1 when it’s time to take income from this plan:

TAXATION

LOANS

Loans are available from a minimum of $1,000 to a maximum of $50,000 from your employer. How much you can borrow depends on the amount you currently have in the plan and whether you have other outstanding loans.

If you have accumulations in other employers' plans, you may be able to transfer or roll them over to the Oregon University System Tax-Deferred Investment Plan to increase your maximum loan amount.

Note: Only one loan per eligible plan may be requested per calendar year. You are responsible to disclose all outstanding and/or defaulted loans through all plans of the employer, including legacy 403(b) plan accounts, this 403(b) Plan account, the Optional Retirement 401(a) Plan and the State of Oregon IRC 457 Oregon Savings Growth Program.

TIAA-CREF is responsible for reporting loans to your employer, including beginning and end dates, as loans are issued. However, you are ultimately responsible for the consequences of excess loans or outstanding loan balances. TIAA-CREF and your employer may rely on your statement regarding outstanding loan balances.


1 The availability of certain distributions may depend on the type of contract underlying your plan. Also, if you're married, your right to choose an option may be subject to your spouse's right to survivor benefits. Talk to your benefits office for details.

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