Under the Productivity Enhancement Program (PEP), eligible employees may exchange previously accrued annual and/or personal leave for a credit to be applied toward the employee share of their NYSHIP premium.
The amount of leave that eligible full-time employees can forfeit, unions that participate and corresponding NYSHIP premium credits can be found in NYSHIP Rates and Information. Eligible part-time employees may participate on a prorated basis.
To elect PEP for the upcoming plan year, you must apply during Open Enrollment. Contact your HBA for details and an application.
You must reenroll annually to continue PEP benefits even if you are already enrolled and remain eligible.