u/dagr8gatsB

How does temporarily being in a new pension contribution bracket work

I’m making enough money this year through extra summer work that I think it’ll put me into a new pension contribution rate bracket (I’m tier 6) but I don’t expect to make beyond that threshold next year.

Will the higher rate kick in this summer bc they’ll be able to know my total for the year will exceed the threshold? Will that last just for the remainder of this year and then go back to my old rate next year?

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u/dagr8gatsB — 4 days ago

There's a couple different threads floating around about mega delays on NYCEPPO out of network reimbursements, so I thought I'd post here instead of trying to reply on all of the ones I'd previously commented on. But like others, I submitted claims for my February therapy sessions right when I got my superbill at the beginning of March, and it was taking forever to process.

I took the advice of some people on here and filed a complaint with NYDFS. The response (which I got pretty quick!) was that because it's a self-funded plan, the relevant laws about timely payment don't apply to the insurance company, and I should take it up with my employer.

One of those claims has now been processed, but for some reason they processed it as in-network, so the reimbursement (which for some reason says will be sent to my provider even though I already paid her) is less than what I got for my January sessions, even when accounting for the deductible. So I filed an appeal, which I assume will also take forever.

I have another claim I submitted around the same time that still hasn't been processed -- we'll see if they mess that one up too.

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u/dagr8gatsB — 26 days ago

I teach at CUNY and bought back a little over 3 months of service from my adjunct work prior to my current position.

Subtracting 3 months from a full year of additional service would mean retiring in roughly May when the time comes, but idk why I would ever do that when I’m on paid annual leave in the summer anyway. So do those 3 months count for a fraction of a year when it comes to my eventual pension calculation formula, or is it not really worth anything?

(I’m a long, long way from retirement so it’s really just a curiosity question, but if it’s useless I could try to investigate if my buyback was all of my prior service or just from one of the colleges I worked at to see if I can get a little more)

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u/dagr8gatsB — 26 days ago