UUP Members – Repayment Deficit Reduction Program

If you were employed as a UUP bargaining unit member at SUNY between September 1, 2013 and June 30, 2015 and are still on payroll, the repayment of Deficit Reduction Program withholding deducted during that period will begin on June 30, 2016 and continue for 39 pay periods. The DRP will be repaid in equal amounts. Because of the lag payroll the first repayment will be noticed in the July 27 paycheck. If you are on a 21 pay period cycle you will begin seeing the repayment in September. If you separate from State service before the end of the repayment period you will receive the remaining amount owed in one lump.  The Deficit Reduction Program repayment is pensionable but is not included in the calculation of overtime. These monies are taxable income and are subject to all employment taxes and income taxes. Under the state’s Deficit Reduction Program for UUP, employees will be repaid the money owned to them, up to a total of seven days’ pay.

If you have any questions about the Deficit Reduction Program please contact State UUP at 800-342-4206.

Seminar to Insure Your Financial Future

College at Oneonta Foundation cordially invites you to…

The New Estate Plan:  Modern Solutions for Modern Families

Presented by: Martin S. Finn, JD, CPA, LL.M

Saturday, June 4, 2016 10:30 a.m. – 11:15 a.m.

Leatherstocking Room, Hunt Union

Please join Marty for this presentation to learn valuable information for your future, and to socialize with members of the SUNY Oneonta community during Reunion Weekend 2016.

RSVP by May 27, 2016 via email to: Paula.Trask@Oneonta.edu