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2010 SUNY Early Retirement Incentive

2010 SUNY Early Retirement Incentive

 

2010 EARLY RETIREMENT INCENTIVE GUIDELINES

2010 ERI Guidelines - SUNY System Admin Implementation Guidelines for 2010 Retirement Incentive
ERI ORP Calculation Webinar
Estimated Timeline- Estimated Implementation Timeline for the SUNY 2010 Retirement Incentive Program
NYS Budget Bulletin- NYS Budget Bulletin for Chapter 105 Part A & B Incentive Program

BACKGROUND

Chapter 45 Legislation - NYSUT Chapter 45
Chapter 45 Court Decision- Upholding provisions of Chapter 45
Chapter 105 Legislation- Part A & B
SUNY BOT Resolution - NYSUT
SUNY BOT Resolution - Part A-B
SUNY Initial Announcement - Letter from Monica Rimai to campus presidents and business officers
SUNY 2010 ERI Announcement- Email announcing the SUNY 2010 Early Retirement Incentive Programs
State-Operated Campus ERI Open Periods

INCENTIVE ADOPTION

ERS - Sample Part A Resolution
ERS - Sample Part B Resolution

OPEN PERIOD NOTIFICATION

ERS - Campus Notification of Open Period to ERS
TRS - Campus Notification of Open Period to TRS
OSC - Campus Notification of Open Period to OSC
System Administration - Campus Notification of Open Period to SUNY System Administration

LOCAL INCENTIVE ADMINISTRATION

ERS - Part A Affidavit to allow participation in local incentive program (Community Colleges only
ERS - Part B Affidavit to allow participation in local incentive program (Community Colleges only)
ERS - List of members eligible for local incentive who are NOT eligible for State incentive
ERS - Employee Waiver of local incentive eligibility

EMPLOYEE COMMUNICATION MATERIALS

NYSUT Chapter 45 Program - Sample letter to employees eligible for 55/25 NYSUT Chapter 45 Incentive
ERS - Initial Employee Notification Letter for ERS

ORP - Initial Employee Notification Letter for ORP
ERS - Final Employee Notification Letter for ERS
TRS - Final Employee Notification Letter for TRS
ORP - Final Employee Notification Letter for ORPS
Not Targeted - Letter to employees whose positions are not targeted for participation in the incentive

INCENTIVE COST AND SAVINGS DATA

SUNY Savings Memo - SUNY Memo to Director of State Operations outlining SUNY Savings Plan
Campus ERI Summary and Savings Plan- Summary of 2010 Campus ERI Participants, Costs and Savings Plan
Campus Employee Participation Roster- Listing of employees participating in the 2010 incentive programs
DOB Savings Plan Report
ERS - Part A Cost Estimate Worksheet
ERS - Part B Cost Estimate Worksheet

EMPLOYER INCENTIVE RESOURCES

ORP Incentive Calculation Spreadsheet
ORP Service Calculation Spreadsheet - Calculates FTE service for periods of part-time employment
TRS Administrative Bulletin - NYSUT
2010 ERI Chapter 105 TRS Bulletin
Re-employment of Retired NYS Public Employees - SUNY Policy on re-employment of retired NYS public employees
ERS - Employer Information
ERS - List of members eligible for Part A
TRS - Incentive Information

EMPLOYEE INCENTIVE FORMS AND RESOURCES

NYSHIP Health Insurance Transaction Form (PS-404) - Form required for employees to activate NYSHIP health coverage as a retiree
NYSHIP Sick Leave Credit Option Election (PS-405)- Form required to select single or dual annuitant sick leave credit for NYSHIP health coverage
NYS Service Sick Leave Credit Preservation (PS-410)- Form required to defer NYSHIP sick leave credit due to other post-retirement NYSHIP coverage
ERS - Employee Information
ERS - Request for Incentive Estimate
ERS Service Retirement Application
ERS - Option Election Form
ERS - WP-4 Tax Withholding Form
ERS - Direct Deposit Form
TRS - Incentive Information
TRS - Request a Retirement Estimate
TRS - Application for Retirement
ORP FAQs
ORP/403(b) - Investment Provider Campus Contact List
Survivor Benefit Program- Notification of eligibility for retired employee Survivor Benefit Program

RESOURCES FOR EMPLOYEES PLANNING TO RETIRE

ORP/403(b) - TIAA-CREF - SUNY ORP/403(b) Investment Provider TIAA-CREF Web Site
ORP/403(b - ING) - SUNY ORP/403(b) Investment Provider ING Web Site
ORP/403(b) - MetLife - SUNY ORP/403(b) Investment Provider Met Life Web Site
ORP/403(b) VALIC - SUNY ORP/403(b) Investment Provider VALIC Web Site
403(b)(7) - Fidelity - SUNY 403(b)(7) Investment Provider Fidelity Web Site
457- NYS Deferred Compensation - NYS Deferred Compensation 457 Web Site
Retirement Planning Guide - GOER Online Pre-Retirement Planning Guide
Retirement Planning Video Series - NYS Work-Life Services, Pre-Retirement Planning Information
DIRECTIONS Retirement Planning Checklist- Pre-Retirement Planning Checklist for Employees
Retirement Planning Flyer- NYS Balance Retirement Planning Flyer
Retirement Resources Email - GOER Sample Employee Communication Outlining Retirement Planning Resources
NYSHIP Health Insurance Resources - Planning for Retirement Resources from Civil Service
Sick Leave Credit Calculator - Calculate the value of your NYSHIP retiree health insurance sick leave credit
Social Security Administration - Understanding Social Security benefits
Medicare - Understanding Medicare benefits

Benefits