Annuity Fund

Printer-friendly versionPrinter-friendly version
  1. Effective July 1, 2005, the Employer shall continue to contribute to an existing annuity fund on behalf of full-time per annum and full-time per diem Employees, on a twenty-eight (28) day cycle basis, a pro-rata daily contribution for each paid working day which amount shall not exceed $478 for each Employee in full pay status in the prescribed twelve (12) month period, subject to the terms of a signed supplemental agreement approved by the Corporation Counsel. For Employees who work less than the number of hours for their full-time equivalent title, the employer shall pay into the fund, on a twenty-eight (28) day cycle basis, a pro-rata daily contribution calculated against the number of hours associated with their full time equivalent title, which amount shall not exceed $478 per annum for each Employee in full pay status in the prescribed twelve (12) month period.
  2. For Employees who work a compressed work week, the Employer shall pay into the fund, on a twenty-eight (28) day cycle basis, a pro-rata daily contribution for each set of paid working hours which equate to the daily number of hours that title is regularly scheduled to work, which amount shall not exceed $478 per annum for each Employee in full-pay status in the prescribed twelve (12) month period.
  3. For those Employees who are appointed on a seasonal basis, the Employer shall pay into the fund, on a twenty-eight (28) day cycle basis, a pro-rata daily contribution for each paid working day, which amount shall not exceed $478 per annum for each Employee in full pay status in the prescribed twelve (12) month period.
  4. CONTRIBUTIONS: For the purpose of Section 15(a), excluded from paid working days are all scheduled days off, all days in non-pay status, and all paid overtime. "All days in non-pay status" as used in this Section 15(d) shall be defined as including, but not limited to, the following:
    1. time on preferred or recall lists;
    2. time on the following approved unpaid leaves:
      1. maternity/child care leave;
      2. military leave;
      3. unpaid time while on jury duty;
      4. unpaid leave for union business pursuant to Executive Order 75;
      5. unpaid leave pending workers' compensation determination;
      6. unpaid leave while on workers' compensation option 2;
      7. approved unpaid time off due to illness or exhaustion of paid sick leave;
      8. approved unpaid time off due to family illness; and
      9. other pre-approved leaves without pay;
    3. time while on absence without leave;
    4. time while on unapproved leave without pay; or
    5. time while on unpaid suspensions.
  5. Definitions "scheduled days off" shall mean: An Employee's regular days off ("RDOs"). For example, Saturday and Sunday would be the scheduled days off for a full-time per annum employee working a Monday through Friday schedule.
  6. Effective March 2, 2008, the per annum amount shall be increased by $206.00 for a total of $684.00 per annum for each Employee in full pay status in the prescribed twelve (12) month period.

Social Service Employees Union Local 371
AFSCME, AFL—CIO
817 Broadway, New York, NY 10003
©SSEU Local371|PRIVACY POLICY