Student Loan Repayment. The Employer may repay student loans for eligible bargaining unit employees to facilitate the recruitment or retention of highly qualified professional, technical, or administrative personnel. Such repayments may be up to the maximum allowed under law, rule and regulation. However, loan repayments provided for under this section will only be considered upon establishment of an agency loan repayment plan (reference 5 CFR Part 537.) Upon establishment of an agency loan repayment plan, the Employer will notify the Union pursuant to Article 45 of this Agreement.
Student Loan Repayment. An employee, upon successful completion of one year of employment, and subsequent years of employment, may be eligible for student loan repayment of up to $2,000 annually providing:
(a) The repayment is approved by the Director of Public Safety and the City Manager.
(b) The loan is question was not taken by the employee in conjunction with City tuition assistance.
(c) The four year degree was obtained from an accredited university and or college.
(d) The employee signs an agreement with the City that the loan payment will be returned to the City in the event the employee voluntarily separates his or her employment with the City within twelve months of the date the payment.
(e) The loan payment will be made directly to the loan organization, address and necessary information required for payment to be provided by employee.
Student Loan Repayment. Effective the first full pay period following the implementation of the Employer’s new HRIS system, Workday, and in no event later than May 2023, the Hospital will provide monthly student loan payments for eligible RNs through December 31, 2025, or as long as the federal program pursuant to IRS Section 127 continues to exist. However, employees shall not be eligible for more than five (5) years of student loan repayment benefits. Nurses will be eligible for up to $400 per month for student loans accrued, due to the completion of an eligible nursing degree. To qualify, a nurse must complete six (6) months of employment. While receiving loan repayments, the nurse must maintain an FTE of .75. This program shall not impact a nurse’s ability to participate in the tuition reimbursement or assistance program for current education courses. The benefit is nontaxable in accordance with IRS Section 127 criteria, up to a combined $5,250 annually. Payments in excess of $5,250 will be processed as taxable income.
Student Loan Repayment. The Board will provide up to $3,000 per year for the purpose of student loan repayment for teachers with three (3) or less years of teaching experience (on steps 0-3). All applications for student loan repayment must be filed with the Human Resources Office no later than November first (1st). The $3,000 fund will be divided on a prorated basis among all eligible applicants. However, individual teachers shall be eligible to receive no more than $1,000 a year or the balance of their loan, whichever is less. The repayment contribution shall be made directly to the educational and/or financial institution(s) designated by the teacher. In order to receive this contribution, the teacher shall provide proof of the loan(s), including verification of monthly payment amount(s) and a year- end summary of the repayment activity from the institution(s). Any teacher receiving an education loan repayment contribution is expected to return to the Marlborough school system for the school year following the year in which the contribution is made. If the teacher voluntarily terminates employment before the end of the following year and the amount contributed is greater than the final paycheck of the teacher the amount of the contribution must be repaid on a prorated basis within a three (3) year period, through signing a promissory note indicating the amounts, method, and schedule of payment. In the event that the amount contributed is less than or equal to the teacher's final paycheck, the District is specifically authorized to deduct any balance due from the paycheck.
a. Support staff shall receive overtime pay at the rate of one and one-half (1.5) times their regular hourly rate for hours worked in excess of forty (40) hours per week. A week shall run Sunday through Saturday. (Overtime may not be worked without prior written consent of the Principal.) Subject to meeting the needs of the District and with the approval of the Building Principal, a support staff person may elect to vary his/her work schedule provided that such alteration shall not exceed forty (40) hours per week unless authorized by the appropriate supervisor.
b. Support staff who are requested to work on what is otherwise a paid holiday or on a weekend day shall receive compensation at the rate of one and one-half (1.5) times their regular hourly rate. Support staff who are called into work to handle an emergency situation shall receive a minimum of two (2) hours pay per call-in, provided that, if they are...
Student Loan Repayment. The Agency has established a Student Loan Repayment Plan in accordance with 5 U.S.C. 5379 and 5 C.F.R. 537 and other Government-wide rules and regulations. Implementation of the Student Loan Repayment Program is subject to the availability of funds and will be in compliance with law, rule or regulation. The Agency, at its discretion, may use the plan as an incentive to recruit highly qualified candidates and to retain highly qualified employees as defined by 5 USC 2105.
Student Loan Repayment
