The Governor’s Office of Employee Relations (GOER) has announced that CSEA, PEF, and RRSU employees may elect to cash-out up to 120 hours of accrued Over40 Comp Time II credits for 2019.
The cash-out is available to employees who have Over40 Comp Time II hours available on their timesheet. You can opt to cash out of the Over40 Comp Time II program without being currently enrolled.
The cash-out election period runs from Monday, October 14, 2019, through Monday, October 28, 2019. Employees must submit a completed Over-40 Cash-Out Election Form to the BSC on or before October 28, 2019,
via e-mail, fax, or mail to the following:
BSC Time and Attendance Unit
W. Averell Harriman State Office Campus
1220 Washington Avenue
Building 5, Floor 4
Albany, NY 12226-1900
The employee's time record will record the Over40 Comp Time II deducted. Payment will be in payroll check issued November 27, 2019 (for Administration Lag) or December 5, 2019 (for Institution Lag).