SUNY Oneonta




(Please note: benefits, vendors and resources are provided by New York State or SUNY System Administration or as negotiated with a union. SUNY Oneonta presents what is available and each employee needs to decide for him/herself which resources may be best suited for his/her needs.)

Where to begin?!? There are SO many resources available! If you are like most people, you don't feel financially "stable" enough to save money. You worry that if you save for one purpose, you won't have money for another purpose. Right? Well, guess what? Most people rarely feel completely financially "stable". If you are waiting for that to happen then you may never save and you may not be able to have the things you want or to do the things you want.

Here are some tips to consider:

1.  Start small! Save just $5 or $10 per week or per month.
2.  Save all your coins or $1 bills or $5 bills - put them in an opaque container so you don't see how much is accumulating on a regular basis and you won't be tempted to "raid" it!
3.  Similarly, direct money (again, it can be a small amount) from your paycheck to a separate account, or better yet, to an account at a financial institution you don't usually frequent. Again - so you are less likely to "raid" it. Click here for direct deposit form and start saving today!

In addition, go to for a list of easily accessible Financial Education & Planning Tools.

Retirement planning begins on your first day of employment! And should occur regularly thereafter! Depending upon your age when you are hired, you should review your short and long term plans every 3 - 5 years. Save as much as possible as early as possible. In addition to discussing retirement benefit options with your Benefits Administrator at the College, ALWAYS consult a tax expert and an investment expert.

By the time you reach age 45, you should review your plans every 1 - 3 years. Find schedules of vendors' campus visits at



Beginning November 03, 2017, retirement enrollment, including making changes to voluntary plans, is completed online at

Participate in a voluntary savings plan to build your retirement savings. You can make contributions on a pre-tax basis or on a post-tax basis. All employees who receive a W-2 from SUNY are eligible to participate. For details, including annual contribution limits open this link: UNIVERSAL AVAILABILITY NOTICE.

Two plans are available:

SUNY Voluntary 403(b) Savings Plan

Contact information for campus representatives of 403(b) vendors:

FIDELITY Kenneth Woods 718-916-8354
TIAA-CREF Rachel Fiedler 518-786-5928
VOYA Stephen Donella 315-682-3532
  Courtenay Tresco 315-682-3957

NYS Deferred Compensation Plan 457(b)

Contact information for campus representative of 457(b):

NYS DCP Gene Nescott 1-518-496-7284

View a side-by-side comparison of 403(b) and 457(b) here.



Whether you're a parent, grandparent, or someone with a special child in your life, New York's 529 College Savings Program Direct Plan can make saving for childrens' education easier! Find out all about it here.



Generally, employees who have accumulated 10 years of benefits-eligible service with one or more employers that participate in the New York State Health Insurance Program (NYSHIP), are 55 or older and are enrolled in a health insurance plan offered by NYSHIP are eligible to continue their health insurance coverage when they retire.

The cost for retirees is the same as it is for employees except it is a monthly rate instead of a bi-weekly rate. Additionally, the cost may be reduced by a "sick leave credit". At the time of retirement, the employee's unused sick days are converted to a monthly amount which is applied toward the cost of the insurance. Go to nyshiponline for more information.