Educational Assistance Program Employees Without Money In Massachusetts

State:
Multi-State
Control #:
US-00451BG
Format:
Word; 
Rich Text
Instant download

Description

This form offers education assistance to employees under certain circumstances. Courses must be from approved institutions of learning, such as accredited colleges, universities, and technical colleges or schools that offer certification in a field approved by employer. Also, the courses must be, in employer's opinion, directly or reasonably related to employee's present job or part of a degree program, or in line with a position that employer believes employee can reasonably achieve. If employee shall leave the employment of employer for any reason, within two years of any reimbursement, employee shall immediately repay all reimbursements back to employer.
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FAQ

Tuition reimbursement (also known as tuition assistance) is an employee benefit through which an employer pays for a predetermined amount of continuing education credits or college coursework to be applied toward a degree.

State Employee GIC benefits include non-Medicare health insurance, dental & vision, LTD, Life Insurance & AD&D, FSA, and the Mass4YOU Employee Assistance Program. Note: Prescription drug benefits are part of all health insurance plans.

Massachusetts Tuition Waiver The Tuition Waiver Program was created in 1981 to offset tuition increases. A principle of the program is the belief that the benefits of higher education must be available to all citizens.

What is Tuition Remission? The Tuition Remission program provides eligible state employees, and spouses enrolled in regular state-supported courses or programs at public community colleges, state colleges or universities (except the MD program at U/Mass Medical), 100% remission of tuition.

For the American Opportunity Credit the education credit income limit is as follows: Single, head of household, or qualifying widow(er) — $80,000-$90,000. Married filing jointly — $160,000-$180,000.

The Tuition Remission benefits you, your spouse, or your dependent children receive may be subject to federal income taxes, Massachusetts state income taxes, and FICA taxes.

Limit: The maximum permissible limit under Section 80C of the Income Tax Act 1961 is Rs. 1.5 lakh with deductions eligible only for two children per assessee.

You are eligible for retirement from the Massachusetts State Employee Retirement System (MSERS) at any age with twenty or more years of state service or at age 55 or 60 (depending on hire date) with 10 or more years of state service.

State work is pretty excellent, really. Great benefits, decent salary, and often the work is meaningful.

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Educational Assistance Program Employees Without Money In Massachusetts