EDUCATIONAL INCENTIVE:
AVAILABILITY: On a yearly basis, employees shall be paid on the Thursday following December ist ina
lump sum of the following:
1. $500 for attaining an Associate's Degree
2. $1,000 for attaining a Bachelor's Degree
3. $1,250 for attaining a Master's Degree
RESTRICTIONS:
1. Duplicate Degrees: Employees shall receive only one lump sum ($500) for an Associate’s Degree
no matter how_many Associate’s Dearees the member has: only one lump sum ($1,000) fora
Bachelor's Degree no matter how many Bachelor’s Degrees the member has: and, only one lump
sum ($1,250) for a Master's Degree, no matter how many Master’s Degrees an employee has.
2. Waster’s Degree: Members shall receive only one incentive ($1,250) for attaining a Master's
Degree. They shall not receive an additional incentive ($1,000) for their Bachelor's Deqree, as this
is a prerequisite for a Master's Degree.
3. Submission by Deadline: It is the responsibility of members to submit a copy of their degree by
November ist for the yearly December 1st payment (closest to the normal payday) to the Financial
Services Division. Thereafter, it is not needed to submit a copy every year.
4. Degree Earned After Deadline: If members do not submit a copy of their degree, or earns the
degree after the deadline, they shall not become eligible to receive the Educational Incentive until
the following year.
GENERAL PROCEDURES:
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