Skip to main content
Thursday, December 1, 2022 | Home

Today's Message

Posted: Tuesday, June 22, 2021

Tax-Deferred Options for Upcoming Raises

Deferred raises for various employee groups will be paid according to a schedule in the coming weeks and months. We want employees to be aware of the ability to defer this compensation to the SUNY 403(b) Plan and/or the NYS Deferred Compensation Program (NYSDCP) ahead of the payment dates. Below is the schedule of upcoming raise payments, along with the respective deferral election windows (PDF, 222 KB) for the SUNY 403(b) Plan:

---------------------------------------------------

Bargaining Unit: PBANYS APSU BU31 2015-18 Salary and Other Increases
Check Dates: July 7, 2021 (Admin.)
SUNY 403(b) Deferral Election Window: June 10–23, 2021

---------------------------------------------------

Bargaining Unit: M/C BU 06, 13 (SUNY) 2020 Salary Increase
Check Dates: July 21, 2021 (Admin.)
SUNY 403(b) Deferral Election Window: June 24–July 7, 2021

---------------------------------------------------

Bargaining Unit: M/C BU 06 2020 Performance Advance/Longevity
Check Dates: July 21, 2021 (Admin.)
SUNY 403(b) Deferral Election Window: June 24–July 7, 2021

---------------------------------------------------

Bargaining Unit: M/C BU 06 2021 Performance Advance/Longevity
Check Dates: August 4, 2021 (Admin.)
SUNY 403(b) Deferral Election Window: July 8–21, 2021

---------------------------------------------------

Bargaining Unit: UUP BU08 2020 Salary Increase
Check Dates: August 4, 2021 (Admin.)
SUNY 403(b) Deferral Election Window: July 8–21

---------------------------------------------------

Bargaining Unit: UUP BU08 2021 Salary Increase
Check Dates: August 18, 2021 (Admin.); September 15, 2021 (Admin.); September 29, 2021 (Admin.)
SUNY 403(b) Deferral Election Window: July 22–August 4, 2021; August 19–September 1, 2021; September 2–15, 2021

---------------------------------------------------

To make a change to a contribution in your SUNY 403(b) plan or to open a new plan, please visit the SUNY website and be aware of the election window provided in the chart above in order to capture the correct paycheck date.

For a contribution into the NYS Deferred Compensation Plan, please contact Mark Wallace at (800) 422-8463.

If you have questions, please call the Payroll Office at 878-4124 or the Benefits Office at 878-4821.

Loading