Through educational assistance, employees are
encouraged to strive for personal improvement and to obtain further
knowledge that will permit them to perform their present jobs more
effectively and/or increase their potential for progression to other
positions within the Bank. Educational Assistance guidelines include:
- The Bank’s educational assistance program
helps cover the cost of tuition, required fees for approved courses, and
half the cost of textbooks.
- The Bank offers the IRS maximum amounts
that an employer can provide to its employees through educational
assistance for both full time and part time employees (currently $5,250
for full-time and $2,625 for part-time).
- The Bank provides assistance for courses
related to an employee’s current work assignment or general courses taken
as part of an approved degree program in a business-related field.
- Courses at accredited local colleges and
universities, and technical and correspondence schools are accepted.
- To qualify for educational assistance, all
employees must work for the Bank for at least three months, have good
overall performance, and meet performance expectations at the time of
enrollment.
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