October 29, 2024 — If you have extra accruals consider using them to help pay your health insurance premium by taking advantage of the Productivity Enhancement Program (PEP).
PEP allows you to exchange previously accrued vacation and/or personal leave in return for a credit to be applied toward your share of your NYSHIP premium. The enrollment period is November 1 to December 9, 2024. We will update this story with an enrollment link when the State provides it.
The 2023-26 PEF/State Agreement increased the number of days that can be used for this credit to a maximum of 8 days ($1,600) for salary grades 17 and below; and to a maximum of five days ($1,500) for salary grades 18 to 24. It also expanded the Teachers PEP allowance to include crediting of compensatory and floating days, in addition to personal leave.
Use the chart below to calculate your PEP credit:
| DAYS FORFEITED | ANNUAL CREDIT | |
| Grades 17 and below | 4 | $800 |
| 8 | $1,600 | |
| Grades 18-24 | 2.5 | $750 |
| 5 | $1,500 | |
| Institution Teachers | 1 | $200 |
| 2 | $400 | |
| 3 | $600 | |
| 4 | $800 | |
| 5 | $1,000 | |
| 6 | $1,200 | |
| 7 | $1,400 | |
| 8 | $1,600 |
Contact your Health Benefits Administrator for enrollment information.