Executive Compensation Plan Employees
One of the important components of your employment is your eligibility to participate in the Benefits programs at Hunter College. Below is a summary of the programs available to ECP employees and the eligibility requirements:
All CUNY Benefits forms can be found on the University Benefits Website (Click here)
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ECP employees are eligible to enroll into one of the two pension plans we offer. New York City Teachers’ Retirement System (NYCTRS). NYCTRS is a defined benefit plan. We also offer TIAA-CREF. This is a contribution benefit plan. You will be required to contribute 3% to 6% depending on your gross salary for the duration of your employment. Please note: NYCTRS limits a maximum salary of $179,000K pensionable.
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You may participate in a tax-deferred annuity (TDA) program plan. To enroll into NYCTRS TDA plan, please contact TRS directly at 1 888 8-NYC-TRS (1 888-869-8277). To enroll into TIAA-CREF TDA plan, please call 1 (866) 277-7957. New York State Deferred Compensation 457 (b) Plan The NYSDCP 457 (b) Plan is a voluntary, supplemental retirement savings plan offered by the New York State.· Employees have two options: Tax-Deferred contributions – not subject to current federal or New York State income taxes; contributions and any earnings grow tax deferred; withdrawals will be taxed as ordinary income when you may be in a lower tax bracket (generally at retirement). Roth After-Tax Contributions – contributions are made after tax so withdrawals are tax free (as long as you are at least age 59 ½ ·and do not take withdrawals from your Roth account for at least five years after your first Roth contribution is made to the plan).· For applications, please visit your Human Resources/Benefits Office in the East building, Room E1504.
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You are entitled to receive your regular salary provided that you serve during your normal work hours and remit to the Human Resources Office proof of jury duty attendance. You should notify your departmental chair or director of such service. If the jury service does not conflict with your assignment, you will be expected to work as scheduled. |
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Annual Leave: |
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The United States Savings Bond Program allows employees to purchase series EE and I savings bonds through payroll deduction. Employees may join this plan by calling the National Bond and Trust Company at 1-800-426-9314 between the hours of 8:00 a.m. and 6:00 p.m. You must inform the customer service representative that your agency code is 70030. |
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ECP Employees must be full-time and served full-time for at least twelve months prior to the first day of classes to enroll into undergraduate course. ECP Employees may enroll into Graduate courses immediately. |
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The Workers’ Compensation plan provides for health benefits and disability pay if you are injured in the performance of your College duties.• You must report work-related injuries to the Human Resources Office and complete the required Workers’ Compensation forms.• The workers’ compensation Division of the Law Department of the City of New York will notify you if your injury is covered. |
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The Benefits Office is available to answer any questions you may have concerning the programs we offer. Feel free to call us for an appointment at 212 772-4517, 212 772-4516 or 212 396-6470. Our offices are located in the East Building, room E1504. |