Failure to enroll timely in the health plan will result in the loss of opportunity to choose a plan and family members cannot be covered until the following option enrollment. Failure to enroll timely in the dental plan will result in loss of an opportunity to enroll until the next option enrollment period and a coverage limitation will apply. Late entrants in the life plan must prove insurability. The vision care and flexible benefits would not be available until the following option period. Most of this amount is paid by OSU Retirement Plan.
Vested members have the option to receive a monthly lifetime annuity.
N ew hires age 55 and older are not required to join. TIAA-CREF OSU Plan contributions, minus mandated OTRS member contributions Nothing Defined contribution plan with immediate vesting and portability. Upon separation employee has cash withdrawal options, rollover options, and options to annuitize. Same as OTRS above. Same as OTRS above.