CWA 1104/GSEU/ContractIndex/Article 28: Retirement Income Supplementation Programs

From CGEU

28.1 The TIAA-CREF supplemental retirement annuity program which is currently available to State University managerial employees shall continue to be made available to employees.

28.2 An additional annuity contract may be provided through GSEU pursuant to 28 United States Code, Section 403(b) from any “financial organization” (as defined in State Finance Law, Section 201.6(a)) in which employees may participate by voluntary payroll deductions to be transmitted directly to the financial organization by the State Comptroller.

28.3 An individual retirement account plan may be provided through GSEU by a "financial organization" (as defined in State Finance Law, Section 201.6) pursuant to the Economic Recovery Tax Act of 1981 (P.L. 97-34) in which employees may participate by voluntary payroll deductions.