FOR YOUR BENEFIT

April 18, 2011 | Uncategorized

Do you know how many of your co-workers took the latest Early Retirement Incentive?

The answer: 667

Some details about who chose the benefit offered by the University in 2010:

Of that number, 281 were faculty members, 141 were non-teaching instructional staff, and 245 were classified staff.

Part “A” of the ERI drew 635 applicants. It was open to eligible employees age 50 or older with at least 10 years of service, who were members of the New York State and local employees’ retirement system, the New York City teachers’ retirement system, the New York City employees’ and Board of Education retirement systems, or participants in TIAA/CREF.

Part B had 32 participants, and was available to eligible employees age 55 or older with at least 25 years of service who were members of the New York State and local employees’ retirement system, or the New York City teachers’, employees’ and Board of Education retirement systems.

Last year, 149 more CUNY employees took advantage of the ERI than in 2003, the last time such an incentive was offered.  ERI-2003 participants totaled 518, including 311 faculty, 125 non-teaching instructional staff, and 81 classified staff.

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2011