Ice Hockey vs Worcester State
7 pm
Ice Hockey vs Worcester State
3 pm
Women's Basketball vs. St. Lawrence
1 pm
Men's Basketball vs. St. Lawrence University
3:30 pm
Lakeside Hospital Holiday Dinner
6 pm - 9 pm
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Professional ORP Tier Breakdown
*No Minimum Age Requirements for Retirement (contact you plan representatives
on current taxation laws)
Tier 1
- Employees appointed before 7/1/73
- Contributions by the State to the defined contribution plan (ORP)
equal 12% on first $16,500 earned during calendar year and 15% of
additional earnings.
Tier 2
- Employees appointed 7/1/73 - 7/26/76
- Contributions by the State to the defined contribution plan
(ORP) equal 12% on first $16,500 earned during calendar year and
15% of additional earnings.
Tier 3
- Employees appointed 7/27/76 - 8/31/83
- Employees contribute 3% on all earnings
- Contributions by the State to the defined contribution plan
(ORP), which are in addition to the employee's 3% share, equal
9% on the first $16,500 in annual earnings and 12% of additional
earnings.
Tier 4
- Employees appointed 9/1/83 - 7/15/92
- Full benefits at 62 with at least 10 years of service
- Contributions by the State to the defined contribution
plan (ORP), which are in addition to the employee's 3%
share, equal 9% on the first $16,500 in annual earnings
and 12% of additional earnings.
Tier 4+
- Employees appointed on or after 7/15/92 who elect
the optional retirement programs (ORP)
- Employees contribute 3% on all earnings
- Contributions by the State which are in addition
to the employee's 3% contribution equal 8% on all
earnings for first 7 years of employment and 10% for
all years thereafter