Updates & Planning Tools
The Internal Revenue Service has announced there will be no dollar limitation changes for the Oregon Savings Growth Plan in 2016. If you are under age 50, you may contribute up to $18,000 to your 457(b) account. If you are turning age 50 or over in 2016, you may contribute $18,000 plus an additional $6,000 in catch-up contributions for a total contribution of $24,000. If you are within three years before the year in which you will reach the Normal Retirement Age defined by the Plan, you may be eligible to contribute up to $36,000 with the Three-Year Special 457 Catch-Up. Remember, if you are eligible for both catch-up options, IRS rules provide that you cannot use both in the same tax year and must use the option that lets you defer the greater amount.
You can now make after-tax contributions to your OSGP account
If you are retired or plan to retire soon contact a Retirement Consultant at
Estimate your retirement income needs and sources.
OSGP participants are now able to choose a password for their account that is alpha/numeric and between 6-20 digits. Click on Change Password and follow the instructions to change your Password
Catch up on the current or past issues of your quarterly participant newsletter.
Should you make Traditional or Roth contributions to your OSGP account?