26.1 The University shall make per capita per annum contributions to the PSC-CUNY Welfare Fund as set forth below. The specified amounts will be paid on a per capita pro-rated monthly basis to the PSC-CUNY Welfare Fund for all eligible members of the instructional staff and such other categories of employees on whose behalf the University has agreed to make contributions and who are included in the annual audit referenced in the agreement between the PSC, the PSC-CUNY Welfare Fund and the University dated May 26, 2004.
Effective November 30, 2017 – $1,890 for all eligible full-time members of the instructional staff
Effective February 28, 2023 – $1,925 for all eligible full-time members of the instructional staff
Effective November 30, 2017 – $1,350.01 for all eligible active part-time members of the instructional staff
Effective February 28, 2023 – $1,375.01 for all eligible active part-time members of the instructional staff
26.2 Determination of eligibility and benefits is made by the PSC-CUNY Welfare Fund. Adjunct instructional staff who are receiving health insurance through the New York City Health Benefits Program pursuant to the letter agreement between the University and the PSC dated July 30, 2014 (“Concluding Agreement”) shall be eligible to receive welfare benefits. (See Appendix J.)
26.3 The parties agree that the PSC-CUNY Welfare Fund Trust Indenture entered into on July 30, 2007 (as modified and re-signed in June and July 2008) sets forth the structure of the PSC-CUNY Welfare Fund. The parties shall act to amend the PSC-CUNY Welfare Fund Trust Indenture to conform to the Concluding Agreement dated July 30, 2014.
26.4 The University shall contribute to the PSC-CUNY Welfare Fund the following annual amounts on a pro‑rata basis for full-time instructional staff (a) who have separated from service subsequent to June 30, 1970, who were eligible to receive supplemental welfare benefits at the time of such separation, who remain primary beneficiaries of the New York City Health Benefits Program and are entitled to benefits paid for by the City through such program, or (b) who have separated from service subsequent to June 30, 1970, who were eligible to receive supplemental welfare benefits and who were covered by a welfare fund at the time of such separation pursuant to a separate agreement between the Board of Higher Education/CUNY and the certified union representing such employees, who were participants in the CUNY Optional Retirement Program (TIAA ‑ CREF), who were employed by CUNY on a full‑time basis for at least ten (10) years, who are at least age 55 and who have elected to and are receiving an annuity benefit from the CUNY Optional Retirement Plan (TIAA ‑ CREF) (“eligible individual or employee”).
(i) Eligible full-time employees separated from service from July 1, 1970 through August 31, 1982.
Effective November 30, 2017 $1,625
Effective February 28, 2023 $1,660
(ii) Eligible full-time employees separated from service on or after September 1, 1982.
Effective November 30, 2017 $2,065
Effective February 28, 2023 $2,100
26.5 Effective May 1, 2006, recurring funds in the amount of $2,199,237 will be paid annually by the University to the PSC-CUNY Welfare Fund; a pro-rata share will be paid monthly.16
16In order to implement paragraph “5” of the Concluding Agreement on Adjunct Health Insurance, dated July 30, 2014, referenced in Appendix J, the University’s contribution to the PSC-CUNY Welfare Fund for the period July 1, 2014 through June 30, 2015 will be reduced by $600,000, effective July 1, 2014, to $1,599,237.
