• 403(b)

403(b) Retirement Savings Plan

Oxy’s 403(b) Retirement Plan with TIAA has been adopted to provide you with the opportunity to save for retirement on a tax-advantaged basis and provides additional income for retirement.

Make the most of your 403(b)

TIAA

Phone: 866-842-2905 (Pasadena Office)

Website: www.tiaa.org/oxy 

Advantages of Contributing

  • Employer non-elective and safe harbor contribution equal to 6% of compensation
  • Immediate 100% vesting
  • IRS employee elective deferral limit for 2022 is $19,500*; age 50 catch-up deferral for 2021 is an additional $6,500* for a total of $26,000 for those who are age 50 and above.
  • A wide variety of investment vehicles, including age appropriate Life Cycle accounts
  • Plan Loans and Financial Hardship withdrawal provisions

Note: This is a partial, general explanation of the Oxy 403(b) Plan. Please consult the Summary Plan Description of the plan for eligibility requirements and more detailed information.

*These are proposed amounts by the IRS for 2022 and are subject to change per IRS regulations.

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