Another great benefit negotiated by your PEF Contract team will soon be realized! You will soon receive the retroactive performance awards that were negotiated in the 2019-2023 Collective Bargaining Agreement between PEF and New York State. The Office of the State Comptroller (OSC) recently issued payroll bulletin 1992 providing details about the retroactive PEF performance award (longevity lump sum) payments. You may read complete details in this memo, which also contains a link to the OSC payroll bulletin. Retroactive payments will be made in separate checks dated February 10 (Institution payroll) and February 16 (Administration payroll) and will be by direct deposit where applicable. An additional payroll bulletin is expected to be issued in the next month or two for the contractual longevity payments that are due in April 2022.