Benefits Manager John R. Burke said that effective June 1, the financial planning subsidy will be available to all full-time employees age 40 or over who have at least one year of full-time service to the University. Previously, a 10-year minimum tenure was required.
The subsidy, which must be approved in advance, covers 80 percent of eligible financial planning services up to a $560 maximum per individual, Burke said. The policy is intended to assist employees with retirement and estate planning decisions, he added.
Retirement and estate planning, as well as comprehensive financial planning, are among the topics that will be covered in a free informational meeting about MetLife Securities' Progressions program on Wednesday, April 29 from 12:30-1:30 p.m. in Cushing 001. Following the meeting, interested employees may set up free individual consultations with a financial planner and a free legal analysis will be provided later.
Burke said cost enters the picture only if the employee decides to use further financial planning or legal services, and that the financial planning subsidy may be used by eligible employees for that purpose.
For more information about the financial planning subsidy or the meeting, contact the Benefits Office at ext. 2-3329.
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