A message from the Office of the State Comptroller's Office
The Retirement Services Division of the Office of the State Comptroller (OSC) is in the process of completing a closing agreement with the IRS to permit eligible members at Higher Education Institutions a last chance opportunity to participate in the SAG Award. The SAG Award provides eligible active and terminated participants in the Alternate Retirement Program (ARP) a one-time irrevocable opportunity to elect to transfer to the State Employees Retirement System (SERS) Tier II or Tier IIA plan (based on hire date) or to remain an ARP member. There will be a 90-day window to make this final decision and the State is anticipating to begin September 14, 2018 and close on December 14, 2018. The full implementation date is targeted for January 18, 2019.
The Retirement Service Division conducted General Information Sessions to discuss the implementation of the transfer opportunity created by the SAG Award. Please note that the sessions were only open to CURRENT ARP Members employed at Higher Education Institutions and meet the following criteria: 1) Actively employed and participating in the ARP on 9/22/2010 AND 2) still active in the ARP. Current members of SERS or Hybrid are not eligible. Eligible SAG participants may view a recorded session from the link provided on this page.
For more information, please see the Office of the State Comptroller’s SAG/Hybrid website.
Information Session Handouts
SEBAC ARP Grievance (SAG) Award Information Session Flyer
Retirement Plan Comparison for the SAG Award
Email: firstname.lastname@example.org or call (860) 486-3034.