Frequently Asked Questions
- Is the VSP a State retirement program?
No, the VSP is a Stony Brook University program open to those with the requested
service eligibility who choose to retire or resign within a specified time frame.
- Who is eligible to participate in this voluntary program?
Stony Brook University West Campus and HSC, full-time Faculty & Librarians.
- Are Hospital Employees eligible to participate?
Faculty members, who are directly funded by a Hospital or LISVH account or are in
a Hospital Title, are not eligible to participate in the program.
- What is a Title F Leave and how would I apply for this option?
The chief administrative officer may grant a Leaves of absence for employees at
full salary or reduced salary, or without salary, for the purpose of professional
development, acceptance of assignments of limited duration with other universities
and colleges, governmental agencies, foreign nations, private foundations, corporations
and similar agencies, as a faculty member, expert, consultant or in a similar capacity,
or for other appropriate purposes consistent with the needs and interests of the
- Application Process: Applications for such Leaves of absence shall be made
to the Department Chair and will require consideration by Chair, Dean, Provost and
final review by the President. Each application shall include a statement of the
purpose for which the Leave is requested, its anticipated duration and its values
to the applicant and the University.
- Leave Credits: Vacation Leave and sick Leave credits shall not be accrued
or used during a period of Leave pursuant to provisions of this section.
- Can a faculty member or librarian participate in both the Toll Program and the Voluntary
No, a faculty member or librarian may participate in one or the other program, but
*Toll Professorship-Faculty member/librarians
with at least 10 years of service and 55 years of age can retire and be reappointed
to a part-time position for up to three years. Compensation will not exceed 25%
of salary or the maximum allowed under the RSS law (section 212-$30,000), whichever
is lower. Please speak to HRS-Benefits for more details.
- I am a rehired retiree, can I take advantage of this program if I meet the years
of service requirement?
No, this program is not available to employees who have previously retired.
- Do Leaves count towards years of service?
Official leaves are counted towards the 25 years' service requirement. Full-time
faculty appointed as part-time, while on sabbatical or Title F Leave, are considered
full-time for purposes of this program. Leaves will be reviewed by HRS for final
- Does my supervisor need to approve my VSP Contract?
No. However, in order to participate in a Title F Leave a request must be sent to
the Chair and Deans for consideration and to the President for final approval.
- Do I need to inform my department of my intent to separate or will HRS notify them?
You are required to provide your department with a copy of your irrevocable letter
once your Title F Leave is approved.
- Is my Contract for the VSP confidential?
Due to the fiscal liability to the department, the department Chair will be provided
with a list of all Faculty/Librarians who submit an application for the VSP lll
program. It is still your responsibility to notify your supervisor of your retirement
- From which date will my years of eligible University service be calculated?
You must have completed 25 or more years of service at Stony Brook University as
of your retirement/resignation date.
- Must I be working full-time on the date of my separation?
You must be full time as of March 1, 2011 and continue to be full time on the effective
date of your retirement.
- From which date will my salary be calculated?
If you elect the option involving a lump sum payout, the payout will be calculated
based on your March 1, 2011 base salary.
- Will I be taxed on the lump sum payout?
The "Lump Sum Payout" is considered Supplemental Wages according to the IRS. Supplemental
wages are wage payments to an employee that are not part of regular wages and will
be taxed separately from your regular wages. Tax rates for Supplementary Wages paid
separate from regular wages in 2011 are as follows; *rates subject to change
* Federal Income Tax Withholdings = 25%
* NY State Tax Withholdings = 9.77%
* Social Security = 4.2% (up to 106,800 of taxable wages)
* Medicare = 1.45%
- Can I use my vacation leave time to carry me to my separation date?
Yes, if organizational needs are met, your supervisor may approve the use of vacation
and holiday time.
- Does my time worked as a graduate or teaching assistant count toward my 25 years
No. Employment time other than in a full time faculty/librarian position will not
be counted toward the number of years of service.
- If I complete and submit a Voluntary Separation Program Contract, can I later rescind
my decision (keep my job)?
You can withdraw your Contract up to and no later than August 30, 2011. In the event
your Title F Leave is not approved the Irrevocable Intent Separation Form will be
- If I have negotiated a phased retirement program offered by my department, may I
participate in the VSP lll?
No, employees may only participate in one University incentive/retirement program.
- If the State offers an incentive program can I combine the State program with a
No, eligible employees may only participate in one Separation/Incentive program.
Employees who elect to participate in a State ERI will be ineligible for the Stony
Brook University Program.
- If I am rehired is there a salary cap?
Yes, the salary cap upon rehire is $30,000 per year.
- Will I be eligible for unemployment insurance?
While the University does not make unemployment determinations, employees voluntarily
separating (resigning or retiring) from their positions are not usually eligible
for unemployment insurance.
- How will I receive my 50% lump-sum payout?
If you pick the option for a 50% payout, you will receive a check from non-state
funds within 2 months after Title F Leave end or your Retirement/Resignation date.
- Who should I contact if I still have questions or need to make an appointment?