- Monroe One
- Employee Benefits
- NYS Retirement Systems (ERS and TRS)
Employee Handbook
Page Navigation
- Table of Contents
- What is Monroe One BOCES?
- Policies and Procedures
- Payroll/Personnel
-
Employee Benefits
- Dental Insurance
- Employee Assistance Program (EAP)
- Flex Spending 125/HRA 105/HSA
- Longevity Payments
- Medical/Health Insurance
- Mutual of Omaha Life Insurance (BOCES-Paid)
- Optional Insurance Products
- NYS 529 College Savings Program
- NYS Retirement Systems (ERS and TRS)
- Tax Sheltered Annuities
- Tuition Reimbursement
- Attendance
-
Employee and Employer Responsibility for Safety
- General Safety and Security Reminders
- Emergency Planning
- Health & Safety: Written Plans and Information (Opens in New Window)
- Pesticide Notice and Form
- Radon Testing of School Buildings
- Water Quality Testing Results (Opens in New Window)
- Emergency Closing Information
- Fire Drills and Inspections
- Annual Right to Know Trainings and GCN Website
- Campus Technology
- Additional Information
Benefits of joining retirement system
What are the benefits of joining these retirement systems?
There are several benefits for the members of these systems. Once you are “vested”, which means you have been a member the required number of years depending on your tier and retirement system, you are eligible to retire at age 62 (or age 55 with certain penalties).
Upon retirement, members receive a monthly pension based on a formula using the employee’s age, final average salary and years of service.
If you leave public service before becoming vested, you may withdraw all of your contributions, plus 5% interest.
In addition, there is a death benefit where your beneficiary would receive up to 3 times your annual salary while you are an active employee.