ORS State Employees DC - Defined Contribution Plan Reform

If you are in the Defined Contribution plan and are deciding whether or not to opt out of your current retiree health insurance coverage and switch to the Personal Healthcare Fund, this calculator will help you estimate your potential healthcare savings. For more information about the Personal Healthcare Fund, see Categories 3-5 of the FAQs.

Enter your information:

Age as of 3/31/2012:

Years of service (YOS) as of 3/31/2012:
This number must be less than 15. It will round down to the nearest whole number.
Example: 9.5 will round down to 9. How do I find my years of service?

Estimated Termination Age:

Estimated Distribution Age:

Current Salary:

Personal Healthcare Fund projected totals
At termination age:
At distribution age:

The above totals combine both portions of the Personal Healthcare Fund option: the lump sum and the 401(k)/457 healthcare contributions and match. For a breakdown on each part of the Personal Healthcare Fund, see the information below.

Note that these figures assume you'll work full-time until your selected termination age, at which point the amount earns interest until your distribution age.

Lump sum amount
Initial lump sum amount*:
At termination age**:
At distribution age**:

*The initial lump sum amount does not include interest and never changes from the amount calculated as of 3/31/2012. The lump sum that you may actually receive is based on the amount if interest accrued and the extent to which you are vested. You must have at least 10 years of service to be eligible for any lump sum amount. For more information, see the Vesting information below.

**Assumes a 4% interest calculation from 3/31/2012 to the first termination of employment, then a 5% return on investment until the distribution age. The actual calculations will vary based on the Medical Care Component of the Consumer Price Index (not to exceed 4% per year), and actual investment returns.

401(k)/457 Healthcare contributions/match values
At termination age***:
At distribution age***:

***Assumes a 2% personal contribution, a 2% employer contribution, an annual 3% salary increase (and therefore increase in contributions) until termination age, and a 5% return of investment until the distribution age. These values also assume full vesting in the employer contributions. For more information, see Vesting Information below. Note that IRS rules apply when taking distributions from these funds. Check out ING's Key Features document for more information.

Vesting Information

Not seeing the values you expected? According to the termination age or retirement age you entered, you may not be vested to receive the full values of the lump sum, 401(k)/457 healthcare match, or both. Below is vesting information for each part of the Personal Healthcare Fund.

Lump sum amount
If you work less than 10 years of full-time service, you will not receive any portion of the lump sum amount.
To receive 50% of the total lump sum amount including any interest accrued, you must work full-time until age:
To receive 100% the total lump sum value including any interest accrued, you must work full-itme until age:

401(k)/457 healthcare match

You are always 100% vested in your own 401(k)/457 contributions. However, vesting rules apply to the state's 2% match. Here's a chart to help you determine when you will be vested in the state's contributions.

Years of Service	Vested Percent
Less than 2	0%
2	50%
3	75%
4 or more	100%

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Defined Contribution Plan Reform > Personal Healthcare Fund Calculator