Members of the Queens Pension Plan can make Additional Voluntary Contributions (AVCs) by payroll deduction each month without interruption, subject to a monthly contribution limit based on annual pensionable salary. Under this program, contributions will be deducted every month of the year and will continue indefinitely, so there is no need to renew each year.
With the exception of new employees (who may enrol at the beginning of their appointment), the opportunity to enrol is only available in February of each year. This annual window of opportunity also allows existing AVC contributors to increase their deductions (subject to the monthly limit) or decrease their deduction. Participants may stop their deduction at any time (subject only to re-enrolment restrictions).
If you wish to enrol or make a change to your current monthly AVC deduction, please print and complete the Monthly AVC Application form and return it to the Pensions & Insurance Unit, Department of Human Resources, Fleming Hall, prior to February 8, 2013. If you have any questions, please contact Human Resources at 32070.