What If My Employment Status Changes?

Layoff

If you are laid off during a school year, a PTS for that school year will not be revoked.  However, you will not be eligible for a PTS for any subsequent year.  This policy also applies to leaves of absence due to lack of funding.

Retirement

Upon your retirement, and if you meet the minimum retirement eligibility requirements below,  your or your spouse’s/same-sex domestic partner’s dependent remains eligible for a PTS under the terms in effect for active officers at the time the annual application is submitted.

Note:  To meet the minimum retirement eligibility requirements for retirement, officers must be 55 years or older and must have completed ten years of continuous benefits-eligible service after age 45.

Leave of Absence (other than for  lapse of funding)

Officers on any paid or unpaid leave of absence, are still considered to be full-time Officers and their children are eligible for the PTS, provided that the child continues to attend private school within the five boroughs.

Death

• If a deceased officer had completed ten years of full-time service at the time of death, the otherwise eligible child of the officer, or of the officer’s spouse or same-sex domestic partner, is eligible for a PTS under the terms in effect for active officers at the time the application is submitted.
• If a deceased officer had completed less than ten years of full-time service at the time of death, the otherwise eligible child may receive a PTS only to complete a school year started before the officer’s death.

Resignation, Discharge or Release

If you resign, are discharged or released, or switch from a full-time to part-time appointment during a term, you must refund to Columbia a portion of any PTS benefit received for that school year.  The table below tells you the portion of the PTS you’re entitled to retain if you leave in a given month.  Note that it doesn’t matter which day of the month marks the end of your eligibility; only the month matters.  (Eligibility officially ends at the close of business on the last day of your active, full-time employment with the University.)

Officer's Resignation, Discharge or Release, OR Child's Departure from School Listed on Application
Month of Separation	Proportion of Scholarship you Receive
September	10%
October	20%
November	30%
December	40%
January	50%
February	60%
March	70%
April	80%
May	90%
June	100%

 

 

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