What is the Staff Pension Plan and what are the eligibility requirements?
The NYU Staff Pension Plan is a defined benefit plan. The University funds the Plan, manages its assets, calculates benefits, and makes sure they are paid. You are eligible to participate in the NYU Staff Pension Plan if you are a staff employee working in an eligible job category – Office & Clerical (106/116), Laboratory & Technical (104/114), and Service Employees (107/117PAR, 107/117PRG, 107/117PRG/SGT). If you are an eligible staff employee, your participation in the Plan will begin on the September 1 closest to when you have completed at least 1,000 hours of service in the 12-month period from your date of hire and you have attained at least 21 years of age. Note: If you were a Security Officer who was a participant in the Local One Security Officers Money Purchase Pension Plan on June 30, 2007, you became a participant in the NYU Staff Pension Plan on July 1, 2007.
