BENEFITS AND COMPENSATION
Tuition Assistance/ Student Loan Repayment
(for full-time employees)
An employee’s total Student Loan & Elective Education/Training Benefits combined cannot exceed $3,600 in any fiscal year.
Tuition Assistance: Reimbursement for Elective Education/Training
Full‐time employees who have completed at least one year of service are eligible for financial assistance for tuition, books, registration, and similar fees for completion of approved education/training (as per Personnel Policy).
The employee passes the education/training program with a grade of "C" (or its numerical equivalent) or better if letter grades are given.
In accordance with IRS code section 127, reimbursement for postgraduate college education will be considered taxable income to the employee.
Upon completion of the course, the employee shall submit to the President/CEO a certified transcript of grades received.
Class attendance and completion of study assignments shall be accomplished outside of the employee's regular working hours, except for required education/training. Course attendance shall not require disruptive rescheduling of other employees to accommodate attendance. It is expected that educational activities will not interfere with the employee's work and unsatisfactory job performance during enrollment may result in termination of employment.
The employee shall not be eligible for reimbursement of travel expenses for Elective Education/Training.
Student Loan Repayment
Full-time employees who have completed their probationary period, and upon written request, the Authority will pay $300 per month to the loan company holding the employee's student loan.
Any employee using this benefit shall not be eligible to participate in elective education/training.
The student loan being paid must have resulted in a degree or license and the employee must have satisfactory job performance in their most recent evaluation.