For additional information, please
contact us.
| Q: |
Who is eligible? |
| A: |
All CoreIT W-2 contractors (TOP) |
|
| Q: |
How does an employee qualify? |
| A: |
For every billable hour worked, an employee accrues a point equivalent to $.50.
The accrued points are accumulated and are used towards the reimbursement.
Billable hours exclude PTO (Vacation) or Holiday, non-billable training hours and other non-billable hours. (TOP) |
|
| Q: |
What expenses are reimbursable? |
| A: |
Purchase of technology-related products that can be used on the employee’s job such as computers, laptops, and computer software. It excludes items that are solely for personal use, i.e. gaming software.
Cost of technical/computer courses that will help enhance an employee’s job performance is reimbursable. (TOP) |
|
| Q: |
How does an employee get reimbursed? |
| A: |
There are two cash-in periods – June 30 to July 6 and December 31 to Jan 6.
During the cash-in period, the employee submits copy of receipt bearing a clear description of the item purchased and the amount.
Receipt must be dated within 180 days from cash-in date.
Any unused balance after the cash-in period will be forfeited. (TOP) |
|
| Q: |
When will reimbursement be processed? |
| A: |
Reimbursement will be processed through payroll. It will be included in the following week’s payroll if received after payroll cut-off date for the week, usually on Mondays. (TOP) |
|
| Q: |
What happens to accrued points upon termination? |
| A: |
If an employee’s termination, whether voluntary or involuntary, falls in between the two cash-in periods, points accrued are forfeited. (TOP) |
|
| Q: |
What is the effective date of the policy? |
| A: |
This policy will be effective January 1, 2010.
Last date to cash-in 2009 balances will be on January 3, 2010. Any balances not cashed in by this date will be forfeited. (TOP) |
|
| Q: |
What is the tax effect of the reimbursement? |
| A: |
The reimbursement is not taxable to the employee under the IRS Accountable plan. It is coded as Technology Reimbursement in Payroll. (TOP) |
|
For additional information, please
contact us.
