November 2024 HR/Business Office Blog Update
HR/Business Office November Blog Update 2024 Considering Retirement? If you are thinking about retiring and would like to meet with us so that you can plan accordingly, please call the Human Resources Office to schedule a time that will work for you. Buying Back Time: We received feedback from ERS and TRS about the timeframe for buying back prior service. Currently, it is taking between 1 to 3 years for New York State to complete the buyback process. To buyback time, you must complete a buyback form and send it to the NYS Retirement System. According to NYS, you should expect to hear back within 10 weeks to confirm they received the form. The research, calculations, and buyback process will then take between 1 to 3 years to complete. If you have questions about buying back time or completing the appropriate form, please contact Sherri DaMore in Payroll at extension 7032. Open Enrollment for Medical Insurances: What you need to know- All employe...