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Whether you participate in retirement or not, you are eligible to contribute pre-tax contributions into a Tax Deferred Account (TDA), a Roth 403(b) and/or a Deferred Compensation Program (457). Each of these types of plans are supplemental retirement savings plans that you can contribute to in order to supplement your regular retirement through TRS/ORP. Neither plan receives a state contribution. The benefit of the TDA and 457 plan is the tax sheltering of your contributions until retirement age (or withdrawal of your account after termination of employment, if prior to retirement). Roth accounts are after tax contributions with the benefit of deferring taxes on earnings and tax-free withdrawals during retirement.
Enrollment
For enrollment into a voluntary 403b plan, contact an authorized provider to participate in the 403b plan and log in to Retirement Manager. The User ID for this system is your Oracle ID and can be obtained by logging into your Oracle Cloud account. You can also contact the benefits team for assistance.
For enrollment in the 457 programs, contact Empower to review their investment options and other important information. This link provides information specifically for Higher Education.
Employees can enroll in or update elections for these plans at any time throughout the year. All new enrollments, updates, and cancellations are effective the first of the month following the election date.
Universal Eligibility Notification -- Voluntary 403b Savings Plans
Eligibility
All employees are eligible to contribute to a Voluntary 403b, and changes can be made at any time throughout the year.
2026 Contribution Limits
Minimum contribution $20/month.
2026 403(b) and 457(b) annual maximum contributions
- General Limit: $24,500
- Age 50 Catch-up $8,000
- Aggregate cap $72,000
- The maximum for all combinations of 403(b), including Roth, ORP, and voluntary TSA.
- Compensation Limit: $360,000