Today's Message
Posted: Tuesday, April 13, 2010Elimination of the Mandatory Employee Contribution for Members of the ORP
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.
