79 employees reported this benefit
Employees are eligible for PERS. Plans vary based on hire date.
Contribution recently cut in half. Was excellent but now is average. Employees grandfathered into older PERS tiers have good pension. The rest do not.
They automatically put money in your account and you can add to it if you want.
They offer something if you're young and staring paying in early, if you're late and have nothing already - savings might not look so good.
Decent retire package - always gets cut on negotiations
Could be more generous, but good variety of ways to invest
High contribution rate without need to match
12% of your salary get deposited into your retirement 401A
What's not to love? Pension available for those who want it, or 12% employer contribution to a 401k! 12%! More than I could otherwise afford to put into retirement.
You are able to choose between a self-funded plan or a state run pension plan. I chose the self-funded plan. It's not your typical 401k style retirement plan with self-contributions and matches. Instead you receive 12% of your salary per year in a retirement account that you cannot contribute too. You control how those funds are invested. As far as self-contribution goes, there are two other accounts attached to this employer plan (403b and 457k) that you are able to contribute too. This unusual retirement plan is due to the fact OHSU is a non-profit organization. The only real downside for retirement is OHSU uses Fidelity as their intermediary for retirement. Also you have to stay with OHSU for 3 years to be fully vested in the plan. Otherwise it's great.