SUNY Oneonta




Most full time employees are required to join a retirement system. All classified and graduate assistant employees (APSU, CSEA, NYSCOPBA, PEF, GSEU) are only eligible to join the New York State Employees Retirement System (ERS).

Unclassified employees (M/C, UUP) are eligible to join the New York State Teachers Retirement System (TRS) or ERS or the Optional Retirement System (ORP), depending upon their title and the type of their appointment.

ERS and TRS are defined benefit plans. Those who join either of these plans contribute a specified percentage of the their salary. All employees' contibutions are pooled with contributions made by the state. All these monies together are invested and safeguarded by the state. When an employees retires, his/her individual pension is calculated based on a specified percentage of his/her years of service and final average salary and is funded by this pool of money.

The ORP is a defined contriubtion plan. Those who join this plan each open his/her own individual account. The individual contributes a specified percentage of his/her salary into his/her own account and SUNY contributes a specified percentage of each individual's salary into each individual's own account as well. Each individual invests his/her money in a combination of funds made available by four vendors. Upon retirement, each individual has a sum of money to draw upon.

Below are the links/phone numbers for each of these plans:

New York State Employees Retirement System (ERS) 1.866.805.0990

New York State Teachers Retirement System (TRS) 1.800.348.7298

SUNY Optional Retirement Program (ORP) See chart below for names/contact information for vendor representatives:

FIDELITY Kenneth Woods 718-916-8354
TIAA-CREF Rachel Fiedler 518-786-5928
VALIC Peter Brucato 518-421-0019
VOYA Stephen Donella 315-682-3532
  Courtenay Tresco 315-682-3957



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. Contribute as much as possible as early as possible into a Voluntary Retirement Savings Plan. Consider other types of retirement savings such as IRAs and Roth IRAs. In addition to discussing retirement benefit options with your Benefits Administrator at the College, ALWAYS consult a tax expert and an investment expert.

As you get closer to actually retiring, review your plans every 1 - 3 years.



Participate in a tax-deferred voluntary savings plan to simultaneously build your retirement savings and reduce your current income tax liability! 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 Vendor representatives are the same as above for ORP.

NYS Deferred Compensation Plan 457(b)

NYS DCP Gene Nescott 1-518-496-7284

View a side-by-side comparison of these 2 plans 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 your child's future 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.