The University at Buffalo is proud to offer an excellent retirement plan option as a part of your benefits package. Human Resources is here to answer any questions you may have regarding the plan but cannot provide financial advisement nor make recommendations.
ERS is a defined benefit plan that provides a fixed, lifetime monthly income at retirement. Your benefit amount is calcuated based on age, years of service and final average salary.
Vesting is the service period required to become eligible for a benefit at retirement. ERS requires a 10-year full time service credit vesting period.
You will contribute to the pension for the duration of employment based on your salary.
|Annual Salary||Employee Contribution|
|$45,000.00 or less||3.00%|
|$45,000.01 - $55,000.00 ||3.50% |
|$55,000.01 - $75,000.00 ||4.50%|
|$75,000.01 - $100,000.00||5.75% |
|$100,000.01 or more||6.00%|
Full-time employees must enroll in a plan no later than 30 days from their appointment begin date. Enrolling past this deadline may affect retirement benefits. Part-time employees can enroll at any time.
Retirement plan enrollments must be completed through the SUNY Retirement@Work website.
For assistance with Retirement@Work, contact the helpline at 866-271-0960, Monday to Friday, 8 am to 10 pm (ET), and Saturday, 9 am to 6 pm (ET).
Become familiar with your retirement account and manage it personally.
Retirement Online is a secure area where you can access and manage your personal retirement information.