The University offers a Flexible Benefits Plan under Section 125 of the Internal Revenue Service Code. Since the plan reduces reportable taxable income, the enrolled employee may incur a slightly reduced Social Security benefit at the time of retirement. Claims must be filed within 90 days after December 31 of each plan year. Any funds not used during the plan year will not be refunded to the employee. Funds are available only for legitimate dependent care cost reimbursements and only as deducted.
Employees are eligible for reimbursement for the entire amount at any time during the plan year.
Eligible employees may take up to twelve work weeks of leave for the birth of a child, care of a child after birth, placement of a child for adoption or foster care, or to care for the serious health condition of the employee, employee's spouse, son, daughter, or parent. Employees are required to give the University at least 30 days notice of request involving known or planned leaves. The employee is required to use all available sick and vacation days. The total amount of paid or unpaid leave will not exceed twelve weeks in any twelve month period. The University requires certification from a health care provider that a serious medical condition exists before granting leave.