Institutional Federal Compliance Report 2021

Contributions The authority under which the obligations of the plan members, employers and other contributing entities to contribute to the plan are established or may be amended can be found in Article XI, Section 167 of the Civil Service Law. Contributions are determined in accordance with Civil Service Law—Article XI, Sec- tions 165, 165-a and 167, which assigns the authority to NYSHIP to establish and amend the benefit pro- visions of the plans and to establish maximum oblig- ations of the plan members to contribute. The costs of administering the plan are charged as part of the health insurance premium to all payors under the authority of Section 163.2 of Civil Service Law. A retiree is generally required to pay on a monthly basis either 12 percent or 16 percent of the health insurance premium for enrollee coverage, or either 27 percent or 31 percent of the healthcare insurance premium for dependent coverage, which is reduced by the amount of sick leave credits available at the time of retirement factored by the employee’s retirement age. Required employer contribution rates, depending upon enrollee or dependent coverage, are presented in the following table: ____________________________________________________________________________________________ STATE OF NEW YORK • 119 EMPLOYER CONTRIBUTIONS (As Percentages of Premium Rates) Enrollee Dependent Enrollee Group Coverage Coverage Active Graduate Student Employees Union (GSEU) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 88% 73% Active (Union and Management-Confidential [MC])—Below Grade 10 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 88% 73% Active (Union and MC)—Grade 10 and above . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 84% 69% Preferred list . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 90% 75% Retired before January 1, 1983 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100% 75% Retired on/after January 1, 1983 but before January 1, 2012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 88% 73% Retired on/after January 1, 2012—Below Grade 10 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 88% 73% Retired on/after January 1, 2012—Grade 10 and above . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 84% 69% Amended dependent survivors (1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 75% 75% Full share dependent survivors/long-term disability . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . —% —% Dependent survivors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 90% 75% Attica dependent survivors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100% 100% Vestees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . —% —% COBRA . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . —% —% Young Adult Option enrollees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . —% —% Participating employers and participating agencies (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50% 35% (1) State contribution for enrollee and dependent coverage is 75 percent of dependent coverage. (2) Values reported are minimum employer share. Employers can pay greater percentages of premiums for their retirees.

Funding Policy The contribution requirements of NYSHIP members and the State are established and may be amended by the State Legislature. The State has not funded a qualified trust or its equivalent as defined in GASBS 75 and is not required to fund the plan other than the pay-as-you-go amount necessary to provide cur- rent benefits to retirees. For the fiscal year ended March 31, 2019, the State paid $1.7 billion on behalf of the plan.

The State reimburses Medicare eligible enrollees 100 percent of the cost of the monthly Medicare Part B premium. However, the funding of the cost of the Medicare reimbursements is not the sole responsibility of the employer. A Medicare Part B component has been incorporated into the NYSHIP Premium Rates. It is just one component of the NYSHIP premiums in which the above listed employer contribution percent- ages are applicable. The premium generated from the Medicare Part B NYSHIP rate component is uti- lized to make the Medicare Part B reimbursement payments to Medicare Primary NYSHIP enrollees.

Health Care Participants (1)

State (2)

SUNY

Active Employees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Inactive participants entitled to but not yet receiving benefits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retirees and surviving spouses receiving benefit payments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Participants . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

135,073

48,880

223

104

130,469 265,765

26,567 75,551

(1) As of the April 1, 2017 actuarial valuation. (2) Includes State and Lottery participants.