Student Loan Payment Reimbursement. This student loan payment reimbursement provision shall be in effect from the effective date of this Agreement through June 30, 2017. 1. A nurse may request and an Appointing Authority may approve reimbursement for the nurse’s student loan payments, made on their outstanding student loan balances. 2. In order to qualify for this reimbursement, the student loan payments must be made by the nurse after the effective date of this agreement. 3. The nurse must have current student loan debt incurred within fifteen (15) years immediately prior to the payment being requested by the nurse. 4. Student loan reimbursement payments cannot be applied to Continuing Education Units that are required to maintain a Registered Nurse or Advanced Practice Registered Nurse license or credentials. 5. Student loan reimbursement payments for all nurses except Advanced Practice Registered Nurses and Psychiatric Advanced Practice Registered Nurses shall not exceed five thousand dollars ($5,000) per calendar year per nurse, up to twenty five thousand dollars ($25,000) in total payments issued to any nurse. Student loan reimbursement payments for Advanced Practice Registered Nurses and Psychiatric Advanced Registered Nurses shall not exceed six thousand dollars ($6,000) per calendar year per nurse, up to thirty thousand dollars ($30,000) in total payments to any nurse. 6. Loan reimbursement payments may be disbursed once or twice yearly, in accordance with a disbursement schedule determined by the Appointing Authority. 7. Nurses must have been employed by the Employer at least one (1) year in a part-time or full- time position and be anticipated to work at least one thousand forty four (1,044) hours per year. 8. The nurse must provide documentation of actual student loan payments as described below: a. For Reimbursement of loan payments, documentation of actual loan payments made within the twelve (12) months immediately prior to application for loan payment reimbursement. The amount approved for any student loan reimbursement must be equal to or greater than the amount the nurse has paid toward the loan in the twelve (12) months prior to the application; b. Lump sum loan payments, documentation that the amount dispersed has been applied to the student loan will be provided to the Appointing Authority within sixty (60) calendar days of the disbursement. If the employee does not fulfill the reporting requirement, the employee will be required to repay the total amount. 9. Nurses who have been approved for but have not yet received a student loan reimbursement payment and who transfer or promote to a nursing-related position within their Agency that is not represented by the Minnesota Nurses Association (for example: RN Supervisor or Director of Nursing) shall still be eligible for the student loan reimbursement that was approved prior to their transfer or promotion. 10. Nurses who are approved to receive a student loan payment reimbursement must remain employed by the Employer for a period of one (1) year after receiving a reimbursement payment. Nurses who voluntarily separate sooner than one (1) year after receiving such payment shall be required by the Appointing Authority to repay the student loan reimbursement received the previous year on a prorated monthly basis. 11. If a nurse is required to repay all or part of a student loan reimbursement payment, the Appointing Authority shall deduct the amount owed from vacation payout or compensatory time payout or severance pay. If the amount withheld from payouts is not sufficient to reimburse the State, the nurse is required to reimburse the State for the remaining amount. This section does not apply in the case of death or permanent layoff. 12. The student loan payment reimbursement shall not be grievable or arbitrable pursuant to Article 16 of the Master Agreement.
Appears in 2 contracts
Samples: Collective Bargaining Agreement, Employment Agreement
Student Loan Payment Reimbursement. This student loan payment reimbursement provision shall be in effect from upon the effective date of this Agreement through June 30, 2017Agreement.
1. A nurse may request and an Appointing Authority may approve reimbursement for the nurse’s student loan payments, made on their outstanding student loan balances.
2. In order to qualify for this reimbursement, the student loan payments must be made by the nurse after the effective date of this agreement.
3. The nurse must have current student loan debt incurred within fifteen (15) years immediately prior to the payment being requested by the nurse.
4. Student loan reimbursement payments cannot be applied to Continuing Education Units that are required to maintain a Registered Nurse or Advanced Practice Registered Nurse license or credentials.
5. Student loan reimbursement payments for all nurses except Advanced Practice Registered Nurses and Psychiatric Advanced Practice Registered Nurses shall not exceed five thousand dollars ($5,000) per calendar year per nurse, up to twenty twenty-five thousand dollars ($25,000) in total payments issued to any nurse. Student loan reimbursement payments for Advanced Practice Registered Nurses and Psychiatric Advanced Registered Nurses shall not exceed six thousand dollars ($6,000) per calendar year per nurse, up to thirty thousand dollars ($30,000) in total payments to any nurse.
6. Loan reimbursement payments may be disbursed once or twice yearly, in accordance with a disbursement schedule determined by the Appointing Authority.
7. Nurses must have been employed by the Employer at least one (1) year in a part-time or full- time position and be anticipated to work at least one thousand forty forty-four (1,044) hours per year.
8. The nurse must provide documentation of actual student loan payments as described below:
a. For Reimbursement of loan payments, documentation of actual loan payments made within the twelve (12) months immediately prior to application for loan payment reimbursement. The amount approved for any student loan reimbursement must be equal to or greater than the amount the nurse has paid toward the loan in the twelve (12) months prior to the application;
b. Lump sum loan payments, documentation that the amount dispersed has been applied to the student loan will be provided to the Appointing Authority within sixty (60) calendar days of the disbursement. If the employee does not fulfill the reporting requirement, the employee will be required to repay the total amount.
9. Nurses who have been approved for but have not yet received a student loan reimbursement payment and who transfer or promote to a nursing-related position within their Agency that is not represented by the Minnesota Nurses Association (for example: RN Supervisor or Director of Nursing) shall still be eligible for the student loan reimbursement that was approved prior to their transfer or promotion.
10. Nurses who are approved to receive a student loan payment reimbursement must remain employed by the Employer for a period of one (1) year after receiving a reimbursement payment. Nurses who voluntarily separate sooner than one (1) year after receiving such payment shall be required by the Appointing Authority to repay the student loan reimbursement received the previous year on a prorated monthly basis.
11. If a nurse is required to repay all or part of a student loan reimbursement payment, the Appointing Authority shall deduct the amount owed from vacation payout or compensatory time payout or severance pay. If the amount withheld from payouts is not sufficient to reimburse the State, the nurse is required to reimburse the State for the remaining amount. This section does not apply in the case of death or permanent layoff.
12. The student loan payment reimbursement shall not be grievable or arbitrable pursuant to Article 16 of the Master Agreement.
Appears in 2 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement
Student Loan Payment Reimbursement. This student loan payment reimbursement provision shall be in effect from upon the effective date of this Agreement through June 30, 2017Agreement.
1. A nurse may request and an Appointing Authority may approve reimbursement for the nurse’s student loan payments, made on their outstanding student loan balances.
2. In order to qualify for this reimbursement, the student loan payments must be made by the nurse after the effective date of this agreement.
3. The nurse must have current student loan debt incurred within fifteen (15) years immediately prior to the payment being requested by the nurse.
4. Student loan reimbursement payments cannot be applied to Continuing Education Units that are required to maintain a Registered Nurse or Advanced Practice Registered Nurse license or credentials.
5. Student loan reimbursement payments for all nurses except Advanced Practice Registered Nurses and Psychiatric Advanced Practice Registered Nurses shall not exceed five thousand dollars ($5,000) per calendar year per nurse, up to twenty twenty-five thousand dollars ($25,000) in total payments issued to any nurse. Student loan reimbursement payments for Advanced Practice Registered Nurses and Psychiatric Advanced Registered Nurses shall not exceed six thousand dollars ($6,000) per calendar year per nurse, up to thirty thousand dollars ($30,000) in total payments to any nurse.
6. Loan reimbursement payments may be disbursed once or twice yearly, in accordance with a disbursement schedule determined by the Appointing Authority.
7. Nurses must have been employed by the Employer at least one (1) year in a part-time or full- time position and be anticipated to work at least one thousand forty forty-four (1,044) hours per year.
8. The nurse must provide documentation of actual student loan payments as described below:
a. For Reimbursement of loan payments, documentation of actual loan payments made within the twelve (12) months immediately prior to application for loan payment reimbursement. The amount approved for any student loan reimbursement must be equal to or greater than the amount the nurse has paid toward the loan in the twelve (12) months prior to the application;
b. Lump sum loan payments, documentation that the amount dispersed has been applied to the student loan will be provided to the Appointing Authority within sixty (60) calendar days of the disbursement. If the employee does not fulfill the reporting requirement, the employee will be required to repay the total amount.
9. Nurses who have been approved for but have not yet received a student loan reimbursement payment and who transfer or promote to a nursing-related position within their Agency that is not represented by the Minnesota Nurses Association (for example: RN Supervisor or Director of Nursing) shall still be eligible for the student loan reimbursement that was approved prior to their transfer or promotion.
10. Nurses who are approved to receive a student loan payment reimbursement must remain employed by the Employer for a period of one (1) year after receiving a reimbursement payment. Nurses who voluntarily separate sooner than one (1) year after receiving such payment shall be required by the Appointing Authority to repay the student loan reimbursement received the previous year on a prorated monthly basis.
11. If a nurse is required to repay all or part of a student loan reimbursement payment, the Appointing Authority shall deduct the amount owed from vacation payout or compensatory time payout or severance pay. If the amount withheld from payouts is not sufficient to reimburse the State, the nurse is required to reimburse the State for the remaining amount. This section does not apply in the case of death or permanent layoff.
12. The student loan payment reimbursement shall not be grievable or arbitrable pursuant to Article 16 of the Master Agreement.
Appears in 1 contract
Samples: Collective Bargaining Agreement
Student Loan Payment Reimbursement. This student loan payment reimbursement provision shall be in effect from the effective date of this Agreement through June 30, 20172021.
1. A nurse may request and an Appointing Authority may approve reimbursement for the nurse’s student loan payments, made on their outstanding student loan balances.
2. In order to qualify for this reimbursement, the student loan payments must be made by the nurse after the effective date of this agreement.
3. The nurse must have current student loan debt incurred within fifteen (15) years immediately prior to the payment being requested by the nurse.
4. Student loan reimbursement payments cannot be applied to Continuing Education Units that are required to maintain a Registered Nurse or Advanced Practice Registered Nurse license or credentials.
5. Student loan reimbursement payments for all nurses except Advanced Practice Registered Nurses and Psychiatric Advanced Practice Registered Nurses shall not exceed five thousand dollars ($5,000) per calendar year per nurse, up to twenty five thousand dollars ($25,000) in total payments issued to any nurse. Student loan reimbursement payments for Advanced Practice Registered Nurses and Psychiatric Advanced Registered Nurses shall not exceed six thousand dollars ($6,000) per calendar year per nurse, up to thirty thousand dollars ($30,000) in total payments to any nurse.
6. Loan reimbursement payments may be disbursed once or twice yearly, in accordance with a disbursement schedule determined by the Appointing Authority.
7. Nurses must have been employed by the Employer at least one (1) year in a part-time or full- time position and be anticipated to work at least one thousand forty four (1,044) hours per year.
8. The nurse must provide documentation of actual student loan payments as described below:
a. For Reimbursement of loan payments, documentation of actual loan payments made within the twelve (12) months immediately prior to application for loan payment reimbursement. The amount approved for any student loan reimbursement must be equal to or greater than the amount the nurse has paid toward the loan in the twelve (12) months prior to the application;
b. Lump sum loan payments, documentation that the amount dispersed has been applied to the student loan will be provided to the Appointing Authority within sixty (60) calendar days of the disbursement. If the employee does not fulfill the reporting requirement, the employee will be required to repay the total amount.
9. Nurses who have been approved for but have not yet received a student loan reimbursement payment and who transfer or promote to a nursing-related position within their Agency that is not represented by the Minnesota Nurses Association (for example: RN Supervisor or Director of Nursing) shall still be eligible for the student loan reimbursement that was approved prior to their transfer or promotion.
10. Nurses who are approved to receive a student loan payment reimbursement must remain employed by the Employer for a period of one (1) year after receiving a reimbursement payment. Nurses who voluntarily separate sooner than one (1) year after receiving such payment shall be required by the Appointing Authority to repay the student loan reimbursement received the previous year on a prorated monthly basis.
11. If a nurse is required to repay all or part of a student loan reimbursement payment, the Appointing Authority shall deduct the amount owed from vacation payout or compensatory time payout or severance pay. If the amount withheld from payouts is not sufficient to reimburse the State, the nurse is required to reimburse the State for the remaining amount. This section does not apply in the case of death or permanent layoff.
12. The student loan payment reimbursement shall not be grievable or arbitrable pursuant to Article 16 of the Master Agreement.
Appears in 1 contract
Samples: Collective Bargaining Agreement
