New benefits eligible employees have two options to save for retirement. The deadlines for choosing an option depend on your employee group.
Deadline: Beginning January 1, 2017, new salaried employees must make their choice about participation in the Oklahoma Teachers' Retirement System within 30 days of their date of hire.
Participation: Beginning July 1, 2016, all new employees eligible for either 401(a) Defined Contribution Plans described on these pages must complete a 12-month waiting period before entering the plan and receiving contributions from the university. The eligible employee begins participation in the 401(a) Defined Contribution Plan they selected at the time of hire, on the first day of the month following the employee's completion of the waiting period. This update was approved by the OU Board of Regents at their June 2016 meeting.