37 Once an employee elects NOT to be part of MSRPS, it is an irrevocable step, unless that individual is later employed by another MSRPS participating agency that does not offer another retirement plan. Tax Deferred Compensation Plans The College offers eligible employees the opportunity to participate in a 403(b) Plan and/or 457(b) Tax Deferred Compensation Program in order to help save for retirement. These plans allow employees to save on a tax-deferred basis. Internal Revenue Service (IRS) annual contribution limits apply. Contact Human Resources for more information on the plans. Employee Assistance Program The College Employee Assistance Program (EAP) provides free and confidential wellness, counseling, and referral services 24 hours a day, seven days a week, to any FCC employees who are eligible for healthcare benefits. The EAP is available to those eligible staff and members of their household to help individuals and families cope with personal crises and problems, including financial, family or legal concerns, substance abuse rehabilitation, and stress management. Services include up to four face-to-face counseling sessions per person, per episode, and unlimited telephonic legal and financial services. In addition, a variety of information is available through the online resource library. Contact Human Resources or the EAP provider directly at 800-327-2251 for more information. Tuition Benefits Tuition Reimbursement: If included in the Employee Development Plan (EDP), full-time regular administrators, full- time faculty, and full-time regular support staff who are meeting performance appraisal expectations are eligible for tuition reimbursement (subject to maximums per fiscal year listed herein) for approved academic courses at accredited institutions. Eligible College employees can be reimbursed for tuition for up to a maximum of six (6) credit hours per fiscal year. Tuition reimbursement may not exceed the in-state tuition rate per credit hour for equivalent academic courses at the University of Maryland, College Park. The College will not reimburse the employee for fees or other out-of-pocket costs. Eligible employees must submit their request each semester prior to registering for a course and have supervisor, Senior Leader, and Human Resources approval using the Educational Benefits Application. To qualify for reimbursement, the courses must be related to the Employee Development Plan (EDP) goals established between the employee and their supervisor and the employee must earn a grade of “C” or better. FCC Tuition Waiver: Regular administrators and support staff working 0.5 FTE or greater, full-time faculty, and full-time auxiliary employees are eligible for the FCC tuition waiver. For regular administrators and support staff working 0.5 FTE or greater and full-time faculty, an FCC tuition waiver will be granted to any eligible employee who may choose to enroll in credit or non-credit courses offered by the College. For full-time auxiliary employees, an FCC tuition waiver will be granted for job-related credit or non-credit classes. The College will not waive fees or other out-of-pocket costs. A 20% discount for textbooks in the FCC Bookstore is provided for FCC tuition waiver eligible employees enrolled in courses at the College.
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