Today's Message
Posted: Monday, March 30, 2009Elimination of the Mandatory Employee Contribution for ORP Members
The Governor signed legislation that eliminates the required 3% employee contribution, for employees with ten or more years of SUNY ORP (TIAA-CREF, ING, MetLife and/or AIG) membership. The state, or sponsoring organization, will pick up the cost of the three percent contribution by increasing the employer contribution, as the employee contribution is correspondingly reduced. This bill will ONLY affect active employees who joined the SUNY ORP on or after July 27, 1976.
