SUNY RF Benefits » Summer Employees » Basic Retirement » Contributions

Contributions

If you were hired	Your tier is	And the RF contributes the following percentage of your annual calendar year earnings.
Before January 1, 1981	Tier 1	12% of the first $16,500 and 15% of the excess
On or after January 1, 1981 But before July 1, 1992	Tier 2	12% of all amounts
On or after July 1, 1992, But before July 1, 1994	Tier 3	9% of the first $16,500 and 12% of the excess
On or after July 1, 1994, But before January 1, 2018	Tier 4	8% for the first 7 years of eligible* service, and 10% thereafter of all amounts
On or after January 1, 2018	Tier 5	7% of all amounts

Eligible service for Tier 4

The first year of eligible service must include 975/1,000 hours of non-student employment.

Each subsequent anniversary year in which you are appointed for one hour or more of eligible non-student service will count as one year of service.

An anniversary year in which you do not work at least one hour of service will result in elimination of previously credited service.

When you have completed seven years of service according to these rules, contributions will increase to 10 percent. Contributions will continue at 10 percent as long as you remain active in Tier 4.