Event Information:

  • Classified Staff Retirement Options

    prep hall with flags flying above

    Defined Contribution Plan

    At the time of employment, benefits-eligible FSLA non-exempt employees will have a one-time opportunity to select between two retirement options.  The “Benefit Comparison Calculator” below is available to assist in comparing the options.    

    Option 1:  Oklahoma Teachers’ Retirement System (OTRS):

    • OTRS is a defined benefit plan. 
    • You will contribute mandatory contributions of 7% of your Total Compensation.
    • RSU contributes 8.55% of your Total Compensation.
    • Keep in mind that OTRS is a defined benefit, so you earn retirement benefits based on a formula.
    • You cannot receive a distribution of RSU's contributions if you retire or leave RSU.
    • Membership and contributions with OTRS will begin the first of the month following 90 days of service.

    Option 2:  Fidelity- 401(a) Defined Contribution Plan (DC Plan):

    • RSU contributes 9% of your Total Compensation. You do not contribute.
    • You direct the investment of your account.
    • The benefits you receive at retirement depend entirely on the amount of contributions made to the plan on your behalf and the investment returns on the account.
    • Contributions will begin the first of the month following 90 days of service. 

    Forms