Home » Uncategorized » PEP DEADLINE NEARS – JANUARY 8, 2016

PEP DEADLINE NEARS – JANUARY 8, 2016

On December 2, 2015, PEF and New York State reached agreement on a Memorandum of Understanding (MOU) that restores the Productivity Enhancement Program (PEP) for 2016. Under the PEP, eligible full-time and part-time employees may forfeit previously accrued annual and/or personal leave in return for a credit that reduces their state health insurance premium contribution.
The PEP credit of either $500 or $1,000 is divided by 26 paychecks and applied on a biweekly basis.
The MOU provides that PEF-represented employees will receive the annual PEP credit retroactively for the 2016 program year (January 1–December 31, 2016). In other words, even though implementation will not occur until after January 1, 2016, participants will receive the entire annual PEP credit amount.

Click here to see the latest memo.