The P3A Executive Council wishes all members a peaceful New Year. The first P3A Council meetings of the New Year will be held in January. A calendar of meetings will be developed soon. Please feel free to attend any of the sessions below as your schedules permit. All meetings have been scheduled at noon so feel free to bring your lunch. No need to RSVP your P3A Council steward.
I. Welcome and Introductions
II. President’s Report
b. PSPES Process
c. SEBAC 2011 Agreement
III. Chief Union Steward Report
IV. Treasurer’s Report
V. McCusker Scholarship Donation
VII. Retirement – General Information
IX. Good and Welfare
The Revised 2011 SEBAC Agreement provided for current employees who retired after July 1, 2022:
Normal Retirement eligibility increases from Age 60 and 25 years of Benefit Service or Age 62 and 10 years of Benefit Service to Age 63 Wage and 25 Years of Benefit Service or Age 65 and 10 years of Benefit Service. This change affects all years of service earned on or after July 1, 2011. By July 1, 2013, current employees may make a one-time irrevocable election to begin paying the actuarial cost of maintaining the normal retirement eligibility that exist in the present plan which is scheduled to change on July 1, 2022. The cost shall be established by the Plan’s actuaries and shall be communicated to employees by the Retirement Division. Such election shall be made on a form acceptable to the Retirement Commission and shall indicate the employee’s election to participate or not to participate. In the event the employee fails to make an election, he/she shall not be eligible to participate. Click Here for the calculator to determine the cost of such service.