New-Annual OTO/AVA Cash-out Deferral Option
In this last round of contract negotiations (In most of our contracts) we were able to achieve the ability for our members to be able to move part or all of their OTO or AVA balances into a 401/457 account. This can be done annually and it gives you the option to make room for more time to be accrued and is available to all OA, MSII, MTA and Queens Supervisors.
Attached below are the instructions sheet (Please Read) and elections form. Forms need to be submitted by November 29th.