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Date: March 6, 2002 |
Bulletin No. CU-134 |
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Date: March 6, 2002 |
Bulletin No. CU-134 |
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| Subject | ACO (Additional Compensation Option) Percentage Change from 2.85% to 1.85% for Members of the New York City Employees' Retirement System (NYE), in Conjunction with an Amendment to Chapter 96 of the Laws of 1995 |
| Purpose | To notify agencies of the rate decrease |
| Affected Employees | CUNY employees who are members of the New York City Employees' Retirement System (NYE), with the election option ACO (Additional Compensation Option) |
| Effective Date | Institution checks dated March 7, 2002 |
| OSC Actions | OSC will change the ACO percentage to 1.85% for all employees who currently have the Additional Compensation Option. For future transactions when the ACO option is selected, the rate will populate automatically with 1.85%. |
| Agency Actions | Notify affected employees of the change. |
| Questions | Questions regarding this bulletin may be directed to the University Manager of Payroll Systems and Operations at CUNY Central Office. |
