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Retirement

Retirement Plan

Otis College offers a great retirement plan through Transamerica Retirement Solutions, our retirement plan administrator.

The Retirement Plan is a special type commonly referred to as a 403(b) plan. All employees are eligible to participate in the plan through Salary Deferral. Through Salary Deferral you can:

  • Add to your retirement savings on a pre-tax basis.
  • Pay no federal or state taxes on these savings or the investment income until you withdraw your funds.
  • Have the option to choose a specific percentage withheld from your salary.

Otis College also makes a contribution for employees who satisfy eligibility requirements including a waiting period, service hours, and age requirements.

To learn more about the Otis College's 403b Retirement Plan or to check your account click on the link below to access the Transamerica Retirement Solutions web portal.

Otis College 403b Retirement Plan

To help you make better investment decisions, Otis College offers free, counseling sessions for all employees and counseling on retirement planning.  Click here for more information:

Investment Counseling

 

Note:  The Summary Plan Description (SPD) contains major plan provisions including eligibility, benefits, and distribution of plan assets.  The Plan Document is also on file in Human Resources and is the controlling document for the adjustment or settlement of questions or claims.  To access the SPD click on:
Summary Plan Description
2014 403b SMM (Plan Update)
TRS Easy Access to Your Account