Are you saving enough for retirement?

The Oregon Savings Growth Plan (OSGP) is a 457(b) deferred compensation plan that provides public employees with a convenient way to save for retirement. This includes higher education, miscellaneous state agencies, and OLCC agents. View more information at www.growyourtomorrow.com. 

If you work for a local government, special district, community college or school district and are interested in enrolling in the OSGP, check the list of participating local employers or contact Jack Schafroth at 503-603-7632 or email to jack.schafroth@state.or.us to see if your employer participates.​

Your employer may also have other retirement savings options.

IRS announces increase in Oregon Savings Growth Plan's 2019 annual limits

If you are under age 50, your 2019 annual limit to contribute to OSGP is $19,000.

If you turn 50 on or before December 31, 2019, you may defer an additional $6,000, making your 2019 annual limit $25,000.

The 2019 annual limit for participants in the Special Three-Year Catch-up Provision is $38,000. If you are enrolled or interested in enrolling in this provision, please call the OSGP Salem office at 888-320-7377.

If you have questions or would like assistance changing your contribution amount, please log onto your OSGP account or contact the OSGP Customer Service Center at 800-365-8494.