Save today.
Grow your tomorrow.
The Oregon Savings Growth Plan is a 457(b) deferred compensation plan that provides eligible Oregon public employees with a convenient way to save for retirement. OSGP is proud to offer a flexible retirement plan for public employees. Get enrolled now...
OSGP news and events
Why OSGP?
Individual meetings, group presentations, and a variety of tools are available at no cost to participants and non-participants alike.
Being a participant in OSGP does allow you to experience the following features:
- Easy and convenient. You choose how much you want to save (up to IRS limits) and it will be automatically deducted from your paycheck. Make changes any time online.
- Lower your taxable income along the way. Save on a pre-tax basis and lower the taxes you pay today.
- Pay tax now instead of later. Choose to defer to a Roth 457(b) account and you pay taxes now on contributions and have the potential for tax-free withdrawals.
- You are in control. OSGP offers low cost investment options, including time based Target Date Funds.
- Your money is always yours. Your contributions to the plan and any earnings on those contributions always belong to you.
Your retirement path
No matter where you are on your path to retirement - from newly employed to nearing the end of your career - we have the information and resources you need.
Information
for employers
Learn more As an employer weighing which retirement plan to offer, you want to add a valuable benefit that your employees will appreciate. The Oregon Savings Growth Plan (OSGP) is a deferred compensation plan that gives state agency and local government employees a convenient way to save for retirement through payroll deduction.
There is no cost to your agency and costs to participants are low.
OSGP administers the 457 Plan for over 1,000 state agency and local government employers throughout Oregon, with recordkeeping and participant education services provided by Voya Financial.
