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Members who joined the Optional Retirement Program (ORP) on or
after July 27, 1976, have been required to contribute three
percent of their salary to their ORP contracts. The Governor
signed legislation that eliminates the required three percent
employee contribution, for employees with ten or more years of
SUNY ORP (TIAA-CREF, ING, MetLife, and/or VALIC) membership. The
state, or sponsoring organization, will increase the employer
contribution as the employee contribution is correspondingly
reduced.
This legislation has been phased in over a three-year period.
Employees who currently have ten or more years of SUNY ORP
membership have already had two percent of the employee
contribution eliminated. The third and final phase of
legislation will eliminate the remaining one percent employee
contribution, effective in the April 14, 2010, paycheck.
Employees who reach 10 years of SUNY ORP membership after April
14, 2010, will have the full three percent eliminated when they
reach the 10 years of membership.
Additional information about the elimination of the mandatory
employee contribution for members of the ORP is available at
www.buffalostate.edu/offices/hr/orp.asp. If you have any
questions, please contact Human Resources at ext. 4821.
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