Common use of Education Incentive Pay Clause in Contracts

Education Incentive Pay. Employees who hold a Bachelor’s Degree or higher from a college or university accredited by the Council for Higher Education Accreditation, International Association of Universities, or National Association of Credential Evaluation Services are eligible to receive one hundred fifteen dollars and thirty-eight cents ($115.38) biweekly (approximately two hundred and fifty [$250] dollars per month). In order to receive the Education Incentive Pay, the employee must provide a written request to the Department with a copy of the employee’s transcripts from the accredited institution awarding the Bachelor’s Degree or higher degree. The Education Incentive Pay will be effective the first full pay period following the Department’s receipt of the employee’s transcripts reflecting the award of a Bachelor’s Degree or higher from an accredited college or university.