New CUNY Phased Retirement Program

July 2013

The City University of New York has recently reached an agreement with the Professional Staff Congress (PSC) to create a three-year pilot voluntary phased retirement program.  This program will cover the 2013-2014, 2014-2015, and 2015-2016 academic years.  To be eligible, an employee must be a tenured faculty member, a Lecturer with a CCE, a tenured member of the College Laboratory Technician series or an employee in the Higher Education Officer series with a 13.3.b appointment.  In addition, the employee must be at least 65 years of age, with at least 15 years of pensionable, continuous, full-time CUNY service as of the start of their phasing period, be a member of the Optional Retirement Program (TIAA-CREF, including the alternative funding vehicles of Guardian and MetLife) and be represented by the PSC.  For details on the agreement, please click on the following link below.

Phased Retirement Agreement

http://www.cuny.edu/news/features/psc-announcement/PhasedRetirementAgreement.pdf

If you meet the eligibility requirements and wish to apply for the Phased Retirement Program, please click on the following link below for the application.  If you are having trouble opening the document, click on the “Open With Different Viewer” option on the upper right-hand side of the webpage and the document will open.

Phased Retirement Application – Professional Staff

http://www.cuny.edu/about/administration/offices/ohrm/university-benefits/links/PhasedRetirementApplication_ProfessionalStaff.pdf

The deadline for submitting an application for Academic Year 2014-2015, is September 1, 2013.  If you have additional questions, please contact Jing Wu at Jing.Wu@cuny.edu.