Benefit News and Events
Per IRS Publication 969, effective January 1, 2013, each employee will be limited to a $2,500 maximum pre-tax health care flexible spending account election. After 2013, the limit will be subject to a cost of living adjustment.
Full-time employees are required to join a retirement system within 30 days of their appointment/hire date. Eligibility for a retirement system depends on a variety of factors. Once your election is made, you will generally not be allowed to change retirement systems unless you have a change in your employment title making you eligible for a different retirement system for the first time and you opt to change to that system within 30 days of your eligible appointment.
The New York State and Local Employees' Retirement System (ERS)
- defined benefit planbenefits based upon years of service, final average salary, and age at the time of retirement
- ERS Membership Application
The New York State Teachers' Retirement System (TRS)
The SUNY Optional Retirement Program (ORP)
- defined benefit plan
- benefits based upon years of service, final average salary, and age at the time of retirement
- TRS Membership Application
- defined contribution plan
- benefits based on success of investments from one or more of the currently authorized investment providers for the SUNY ORP, including TIAA-CREF, ING, VALIC, and MetLife
The College offers eligible employees two types of health insurance plans: a Preferred Provider Organization (PPO) through the New York State Health Insurance Program (NYSHIP) Empire Plan and Health Maintenance Organizations (HMOs) through NYSHIP.
NYSHIP Transaction Form
A comprehensive dental plan is offered to eligible employees. Coverage is provided on a 3-tier services basis: preventive services, basic services, major services.
Dental Enrollment and Change Form
Dental Claims Form
Flexible Spending Plan
In accordance with Section 125 of the Internal Revenue Code, NCCC offers a flexible spending plan for unreimbursed health care expenses and dependent care reimbursement with pre-tax dollars. This benefit must be renewed annually during open enrollment.
FSA Enrollment Kit including Enrollment Form
FSA Enrollment Form Only
Health Care Expenses Reimbursement Request Form
Dependent Care Expenses Reimbursement Request Form
Group Term Life Insurance
Various levels of coverage are available for full-time employees ranging from $25,000 through $125,000 policies. This benefit ceases at separation of employment.
Under federal guidelines, the value of group term life insurance in excess of $50,000, referred to as imputed income, is taxable income and, as such, is reported annually on your W2. While the value is subject to federal, state and FICA taxes (Social Security/Medicare taxes), the College is only required to withhold FICA taxes.
Long Term Disability
The long-term disability plan provides financial protection for eligible employees, who become disabled due to a non work-related illness or injury, by paying a portion of your income while you are disabled. Benefits begin 26 weeks after you first become disabled. If approved, the Plan will pay a basic monthly income benefit equal to 60% of qualified monthly earnings up to a maximum benefit of $5,000 per month. Certain other incomes (i.e. Social Security Disability Benefits) are deducted from this payment. The Plan also provides for a monthly annuity premium benefit.
LTD Enrollment Form
Employee Assistance Program (EAP)
NCCC offers confidential, short-term counseling services through an Employee Assistance Program to eligible employees at no cost.
Voluntary Savings Plan
There are two different types of voluntary savings plans available to employees, each type being authorized under a different section of IRS Code.
Universal Availability Notice
Tax-Deferred Annuity Program, 403(b)
NYS Deferred Compensation Plan, 457(b)
NYS College Savings Program
Post-tax dollars can be invested into New York's 529 College Savings Program to set aside money for qualified higher-education expenses, such as tuition, certain room and board costs, books, and fees.
Eligible employees can enroll in the plan at any time. Contributions will not be reflected on your W-2 Wage and Tax Statement. However, tax deductions may be reflected when you file your New York State tax returns. Additional information can be found by clicking here.
The College will allow eligible employees and certain family members free or discounted tuition for courses taken at NCCC.
Eligible employees will be considered for tuition assistance, based on funding and discretion of Administration, at SUNY state-operated campuses.
SUNY Employee Discount Programs
Various discount and savings programs are offered to eligible employees from a wide variety of merchants, vendors, and providers. Click here for more information.