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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.