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| TYPE | DESCRIPTION | ELIGIBILITY | OUTCOME | ADVANTAGES | CONSIDERATIONS |
|---|---|---|---|---|---|
| VRWS (Voluntary Reduction in Work Schedule) State Employees |
Temporary, limited reduction in work effort with commensurate reduction in pay |
>Full-time state annual salaried employees >One continuous year of service |
Reduced obligation (minimum 5% up to maximum 30% in 5% increments) and reduction in salary | >Ability to reduce work schedule >Retain location pay (if applicable), on prorated basis >No impact to service credit, employee remains in full time status >No effect to health/dental/vision insurance |
>Prorated retirement benefit earnings >Prorated retirement service credit >Prorated salary and accruals |
| Reduced Work Obligation (FTE) State or RF |
Temporary or permanent reduction in work obligation and commensurate reduction in pay Opportunity for phased transition |
No limitations* | Reduced obligation and reduction in salary |
Ability to reduce work schedule >No limit on reduction of FTE >Can be used as a phased transition from employment |
>Prorated Retirement benefit earnings >No location pay or inconvenience pay (if applicable) >Prorated salary and accruals >May affect health benefits >Affects service credit/appointment status |
| CYF Less than twelve (12) month appointment State Employees |
Change appointment obligation to 10 or 11 month with 1 or 2 months non-obligation at the end of the appointment |
No limitations* | Reduction in annual salary earnings | >Employee remains in full-time status and continues to receive all benefits >Continuous movement toward continuing/permanent appointment (if applicable) |
>Reduction in retirement earnings >Does not accrue during period of non-obligation >Location pay not affected (if applicable) |
| Phased Retirement RF Only |
Part time employment at a minimum of 50% for up to 3 years preretirement |
>Full time employees who are 55 years of age or older >Minimum of ten (10) years of full time equivalent service |
Reduction in FTE and salary | >Continue to work part time while transitioning from full time employment to retirement |
>Prorated salary and accruals |
| Faculty Toll Professorship State Faculty Only |
Retiree rehired to post retirement part-time employment up to three (3) years | >Faculty-SBU >Post retirement |
>Reduction in salary and obligation >Compensation at 25% or $30k, whichever is lower |
>Continue to work part-time and collect pension benefits | >Does not contribute toward retirement benefit earnings >Not included in retirement service credit >No location pay (if applicable) |
*Note: All Program participation is subject to operational needs.
Questions about voluntary reduction opportunities can be directed to Chris Cantone-Stadier (Chrisoula.CantoneStadier@stonybrook.edu) for State employees or Dianne Newman (Dianne.Newman@stonybrook.edu) for RF employees.