Policy 7.11: New Employee Exclusion from Participation in PSERS and SERS
Original Date of Issue: 12/17/14
Revised: 6/17/15
Participation in a retirement system is mandatory for all College employees who meet the eligibility requirement. Effective January 1, 2015, all new full-time and regular part-time employees in the Administrative and Support Staff groups scheduled to work 500 or more hours in a fiscal year and all part-time faculty, shall be enrolled in the Delaware County Community College retirement plan administered under the College’s contract with the Teachers’ Insurance & Annuity Association/College Retirement Equities Fund (TIAA/CREF).
In addition, effective June 18, 2015, all full-time faculty shall be enrolled in the Delaware County Community College retirement plan administered under the College’s contract with the Teachers’ Insurance & Annuity Association/College Retirement Equities Fund (TIAA/CREF).
Exceptions:
- Current employees who are members of the Public School Employees’ Retirement System (PSERS) or the State Employees’
- New employees who are participants in the Public School Employees’ Retirement System (PSERS) or the State Employees’ Retirement System (SERS) through a previous employer may continue their participation in those retirement plans.
