4.3 ERMUSR 01-14-2020 - Laserfiche WebLink

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46.48. LIFE INSURANCE Life insurance is provided to each employee at a rate of Two and One Half times (2½) the Summary Plan Description for details regarding coverage and eligibility. A copy of this description will be provided to employees and is available upon request. 49. VISION INSURANCE Eligible employees who regularly work at least 30 hours per week are eligible to enroll in the Utili responsibility of the employee. Employees should consult the Summary Plan Description for details regarding coverage and eligibility. A copy of this description will be provided to employees and is available upon request. 50. HOME COMPUTER LOAN POLICY In an effort to encourage all employees to develop and improve their computer skills, employees may purchase a home computer per the following guidelines. 1. The purchased computer and software shall be new, not reconditioned, not used. 2. 3. Employee must provide a receipt reflecting the purchase of this computer. 4. The Utilities will provide an interest-free loan for the purchase of this computer up to $1,200.00, for a term not to exceed 12 months. 5. Employee will repay the computer loan to the Utilities in not more than 25 equal installment payments authorized and made through payroll deduction, upon the n by signed authorization form. 6. Employee must maintain ownership and possession of the computer for the duration of the loan term. 7. If the employee leaves the Utilities before the loan is paid back in full, the Utilities will withhold the outstanding port paychecks (including any check for unused and unpaid benefits) as authorized by the employee in the authorization form signed at the time the loan is made. 47.51. EDUCATIONAL ASSISTANCE The Utilities will provide financial assistance to eligible employees for pre-approved courses that are job related, lead to a job-related degree, or are within areas beneficial to the Utilities in its discretion and pursuant to this policy. With regard to education required by the Utilities or in connection with a Utilities-approved apprenticeship training program, check with a Utilities manageror Director. 43 August 2018 January 2020 116