When can you retire?
Eligibility requirements to retire from the University of Oklahoma
- At age 62 with at least 10 years of benefits eligible OU service.
- When age plus (at least ten) years of benefits eligible OU service equal 80 or more (Rule of 80);
- Any age with 25 years of benefits eligible OU service.
- An employee is eligible to apply for disability retirement with OU at any age with at least 10 years of benefits eligible OU service.
- At age 55, benefits eligible employees may begin phased retirement. Contact your benefits office for details.
Eligibility requirements to retire with Oklahoma Teachers' Retirement System
OTRS members who joined prior to July 1, 1992, can retire with full benefits from Teachers’ Retirement System
- Age 62 with at least 5 years of OTRS service credit OR
- When age plus years of OTRS service credit equal 80 or more (Rule of 80).
OTRS members who joined on or after July 1, 1992, can retire with full benefits from Teachers’ Retirement System
- Age 62 with at least 5 years of OTRS service credit OR
- When age plus years of OTRS service credit equal 90 or more (Rule of 90).
Retirees who are eligible for retirement with Oklahoma Teachers’ Retirement System and who are beginning their OTRS benefits but don’t meet the requirements for university retiree benefits may qualify for “partial” retiree benefits. See below for the details:
- With at least 10 and up to 15 years OU service and eligible for TRS retirement: Eligible to purchase university’s health and basic dental coverage by paying 100 percent of the cost.
- With at least 15 and up to 20 years OU service and eligible for TRS retirement: University will offer health and basic dental coverage and pay 25 percent of the cost of the retiree premium only.
- With at least 20 and up to 25 years OU service and eligible for TRS retirement: University will offer health and basic dental coverage and pay 50 percent of the cost of the retiree premium only.
OU does not provide service credit for accumulated short-term disability hours.
