Ohio University employees have numerous retirement savings options; OUCU Financial Services, available through CUSO Financial Services, L.P.*, has experience in all of them.
As a new employee, you must make a choice between the state pension system (OPERS or STRS) and the Alternative Retirement System (ARP). This is an important decision that must be made within your first 120 days of employment. It is important because once you make your election, you cannot change it. There are several important factors to consider when making your decision.
We have experience with both systems and are willing to help; best of all, this help is without obligation or cost.
In addition to the pension system, you also have the ability to supplement your retirement savings through a 403b or 457 deferred compensation account. Both are tax-deferred and are deducted straight from your paycheck making it very easy to use. Simply decide one time to save and it happens each pay automatically.
Retirees who were able to accumulate tax-deferred savings while employed have other issues to consider. Once retired, consolidation generally makes the most sense because of required minimum distributions (RMD) and estate planning. Some of the 403b providers offer attractive fixed accounts that may be appropriate in your retirement years.
OUCU Financial Services, through CFS, is an approved provider of the:
Contact Cory Corrigan, Vice President at OUCU Financial Services and CFS Financial Advisor at (740) 597-2859 or firstname.lastname@example.org.
*Non-deposit investment products and services are offered through CUSO Financial Services, L.P. ("CFS"), a registered broker-dealer (Member FINRA/SIPC) and SEC Registered Investment Advisor. Products offered through CFS are not NCUA/NCUSIF or otherwise federally insured, are not guarantees or obligations of the credit union, and may involve investment risk including possible loss of principal. Investment Representatives are registered through CFS. Ohio University Credit Union has contracted with CFS to make non-deposit investment products and services available to credit union members.