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7.1 Adoption Reimbursement PolicyThe University will pay eligible employees one-half of
qualified legal adoption expenses, up to a maximum of $5,000 per family per
adoption. Qualified expenses include
reasonable and necessary adoption fees, court costs, attorney fees and other
related legal expenses. This benefit is effective once the adoption is
finalized. Some or all of the
reimbursement may be considered taxable income. Please check with your tax
advisor. Employees must complete the Application for Adoption
Reimbursement that is available from the department of human resources, provide
written proof of the finalized adoption and provide written proof of the
expenses being submitted for reimbursement. 7.2
Loans for Purchase of Personal Computers
The University is willing to help full-time employees become more skilled in the use of computers by making loans available for the purchase of personal computers. Special rate loans are available to faculty or staff members to purchase a personal computer under the following conditions: a. Loans must be through Day Air Credit Union. b. Eligibility forms are available in the Comptrollers office. This form must be completed and signed by the employee and the employee’s supervisor. This form indicates that there is potential benefit to the University and individual from the use of a personal computer. This form is then forwarded to the Comptrollers office for final approval before it is taken to Day Air Credit Union. c. The approved Eligibility form is then forwarded to Day Air Credit Union along with a receipt, purchase order, or other acceptable documentation from the vendor. Employees must be a member of Day Air Credit Union to participate in the program. Day Air Credit Union will issue a check payable to the vendor for the purchase price of the computer. d. Loans have a fixed interest annual percentage rate and are payable over a period not to exceed three years through payroll deduction. The rate of interest on new loans will be established quarterly on the last Tuesday of March, June, September and December. The rate will be equal to the most recently quoted prime rate from the Wall Street Journal. Day Air requires a UCC-1 filing fee which can be financed at the employee’s request. e. The maximum amount available under this program is $3,000. The minimum amount for which a loan will be processed is $500. f. The computer is the property of the individual, subject to a security interest. Insurance, maintenance, software, and security are the responsibility of the individual. There is no automatic buy back by the University or Day Air Credit Union. However, the University of Dayton or Day Air Credit Union will maintain a security interest for the duration of the loan and may choose to recover the computer in the event of default. g. Loans issued under this program must be repaid in full at the time of termination or separation of service. Day Air Credit Union will allow the individual to apply for a standard loan to pay off any outstanding balance. These loans will be subject to Day Air’s normal loan terms and underwriting criteria. If Day Air, for any reason, is unable to grant a loan to an individual at the time of termination or separation, all monies will be due from the individual at that time. This must be done within ten working days from the individual’s separation date. h. Applicants are invited to consult with the UD Computer Store regarding hardware choices and software support, including any cost savings that may be available if the computer is purchased through the UD Computer Store. i. The University of Dayton and Day Air Credit Union reserve the right to cancel or change this program at any time. j. Loans issued under this program are to be repaid in full at the time of termination or separation of service from the University of Dayton. Day Air Credit Union will allow the individual to apply for a standard loan to pay off any outstanding balances. These loans will be subject to Day Air’s normal loan terms and underwriting criteria. If Day Air for any reason is unable to grant a loan to an individual at the time of termination or separation, all monies will be due from the individual’s separation day or Day Air will commence collection activities. 7.3 The Bombeck
Family Learning Center
The The total family discount is 15% for any benefits eligible
employee with a salary not exceeding $100,000.
A 30% discount is available for benefits eligible employees with proof of
total family income equal to $65,000 or less.
Application for the 30% discount is required and forms are available at
the For further
information, contact the Bombeck Center at 937-229-2158.
7.4
Personal Financial Plan Subsidy
The University will provide a partial subsidy toward the overall cost of a Personal Financial Plan prepared by an experienced staff of TIAA-CREF financial planners. The comprehensive Personal Financial Plan provides a thorough analysis essential for planning a detailed strategy, including how to provide for children’s education, meeting retirement goals, and estate planning. A TIAA-CREF financial planner will review the customized financial plan and provide individual step-by-step guidance for strategy implementation. Due to funding limitations for this program, UD contributions toward the cost of a Personal Financial Plan will be on a first come, first serve basis. | |||||||||||||||||||||||||||||||||||||||
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This site is maintained by the Office of Human Resources. Direct questions to Stefanie.Rich@notes.udayton.edu. University of Dayton |
