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Oregon Savings Growth Plan (OSGP)

Welcome to the Oregon Savings Growth Plan (OSGP) information page.

The Oregon Savings Growth Plan (OSGP) is a voluntary 457(b) deferred compensation plan available through the state of Oregon to public employees whose employers participate in OSGP.

Eligible PERS members can use OSGP to create additional savings for retirement.

In fact, OSGP was designed to help bridge the gap between the income your pension, Individual Account Program (IAP) and Social Security may provide you in retirement.

Retirement industry experts, including OSGP representatives, will tell you that Social Security typically only replaces 20% to 30% of your preretirement income.

Your PERS pension, meanwhile, may supply only up to 45% of the income you had while working, depending on your hire date and length of service in a PERS-qualifying position. Not everyone will get 45% of their preretirement income replaced by their pension in retirement.

To reach that level, you have to meet certain criteria*, which can include working in a PERS-qualifying position for 30 years. The fewer years you work in a qualifying position, the smaller the percentage of income replacement you’ll get in retirement.

If you also have an IAP and meet a monthly salary threshold, less than 6% of your salary is saved to your IAP account, and another small percentage is saved to your Employee Pension Stability Account** (EPSA), as of July 1, 2022.

Keep in mind that retirement industry experts now recommend that people save at least 10% to 15% of their pre-tax income for retirement. Because state law sets the contribution percentage for your IAP, you cannot increase the percentage*** that’s saved to your IAP account.

Depending on your unique situation, you could have a sizeable gap to make up in order to create a secure retirement.

*For more information about criteria, attend a PERS retirement education session for Tier One/Tier Two or OPSRP. To check how much income your pension might provide, go to your Online Member Services account to create a benefit estimate.

**For more information about EPSA, go to the website for your membership type: Tier One/Tier Two or Oregon Public Service Retirement Plan.

***Senate Bill (SB) 1049 (2019) does allow members to make voluntary contributions to their IAP accounts but only in amounts that offset the small percentage redirect that goes to EPSA. Read more about SB 1049, your IAP, EPSA, and voluntary contributions for Tier One/Tier Two or OPSRP members.


If you’re considering OSGP for creating additional retirement savings, here are some highlights of the plan to know about:

  • You can enroll in the plan at any time.
  • You can start your savings with just $25 per pay period.
  • You have the option to save a percentage of your salary or a fixed dollar amount each pay period.
  • You control your contributions to the plan: You can start, change, or stop your contributions at any time.
  • You can choose between pre-tax and after-tax (Roth) contribution options.
  • You can roll money into OSGP from other qualifying tax-deferred plans.
  • The investments in OSGP are managed by the same folks who oversee those in your PERS benefits: Oregon Investment Council (OIC). By law, OIC members are fiduciaries who serve you.
Where can I learn more?

OSGP offers a number of r​esources about saving for retirement, including educational videos and workshops. OSGP members also can meet with local representatives for help with retirement savings questions.

Head to the OSGP website for more information or to register for an educational workshop.

Local government entities that participate in OSGP or are interested in adopting the plan for their agencies can find information on OSGP’s employer webpage.


Contact Employer Outreach Coordinator Jack Schafroth at 503-603-7632 or

  • Trustee — Oregon Public Employees Retirement System (OPERS) Board
  • Administrator — OPERS director
  • Investment oversight — Oregon State Treasury and the Oregon Investment Council
  • Record keeper — Voya Financial
  • Custodian — State Street Bank
  • Investment consultant — Callan LLC
  • OSGP Ad​visory Committee — For information about the advisory committee, including its meeting schedule and members, go to the OSGP website.
  • Oregon Savings Growth Plan (OSGP) Advisory Committee archives — Links to past committee meeting agendas, minutes, and audio or video recordings.

Oregon Savings Growth Plan Logo

Account Access

OSGP login

Contact OSGP

Customer service representatives are available from 7 a.m. to 5 p.m. Monday through Friday:

Phone: 800-365-8494


Mailing address:
800 Summer St. NE, Suite 200
Salem, OR 97310