Retirement Program Regular or fixed-term employees working 20 hours or more per week and scheduled to work 720 hours or more per fiscal year may enroll in the Rensselaer Defined Contribution Retirement Program. Enrollment is effective the first of the month following the date of hire or on the first of any month thereafter following receipt of enrollment forms by Human Resources. Employees contribute 1 percent of gross earnings per pay period on a pretax basis. Rensselaer contributes 8 percent of the same applicable gross earnings. Supplemental Retirement Program Employees may shelter wages from federal and state taxes by electing to defer earnings to tax-sheltered annuities offered at Rensselaer.
Enrollment is effective on the first of any month following receipt of applicable forms.
Participation is subject to Internal Revenue Service limitations. Employees who wish to enroll should complete a maximum exclusion allowance calculation request form and forward it to Human Resources. Sick leave may be taken to supplement New York state disability payments. The maximum accrual for regular nonexempt employees is 130 days. Fixed-term employees are limited to a maximum accrual of 12 sick days.