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Notice to ONA Nurses Enrolled in the Core Retirement Plan

The settlement agreement between Providence and the ONA was ratified Friday, December 4, 2009. A $750.00 individual payment pursuant to the agreement with ONA will be included in the December 24, 2009 paycheck of eligible nurses who are enrolled in the core retirement plan. Whatever 403(b) Value Plan deductions that a nurse has already set will be taken from the paycheck.

If a nurse wants to either increase or decrease the amount contributed to the 403(b) Value Plan for that one check, the nurse needs to do one of the following:

  1. Online changes: Go to the Road2Retirement website: https://r2r2010.providence.org/ and make the change in your account by Noon on December 16. The changes will then apply for the December 24 paycheck. The nurse will need to go back to the R2R website after December 24 to change the contribution percentage back to the previous amount by Noon on December 30.
     
  2. By paper: The form must be received in the System Retirement Office by Noon on December 16. The best route is to fax it: 425-525-3932. The nurse will need to submit a second form to the System Retirement Office to change the contribution percentage back. That form can be submitted at the same time, but the form needs to be post dated and clearly marked that the change is for 2010 deduction. The second form must be received in the System Retirement Office by Noon on December 30.

Get the 403(b) Value Plan form here

If a nurse has contributed the maximum allowed amount to the 403(b) Value Plan and wants to contribute to the 457(b) Plan for that one check, elections may be done either online or by paper using the 403(b) Value Plan procedure and deadlines outlined above.

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Oregon Nurses Association
18765 SW Boones Ferry Rd. Suite 200, Tualatin, OR 97062
(503) 293-0011 or 800-634-3552 (Oregon Only) E-mail:ONA@OregonRN.org