Employee Educational Benefit (EEB) Program
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Employee Educational Benefit (EEB) Program. EEB Background. Staff Council has been requesting enhanced benefits UTSA’s current program costs $285,000 / year

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Presentation Transcript

Eeb background
EEB Background

  • Staff Council has been requesting enhanced benefits

  • UTSA’s current program costs $285,000 / year

  • Changing from a 127 Qualified Educational Assistance Plan to a 177(d) Qualified Tuition Reduction Plan will allow us to double the benefit to employees


Why change
Why change?

  • Under the current IRS plan, UTSA is paying itself for employee participation.

  • Under the proposed plan, as an educational institution, UTSA may waive designated tuition and fees to employees.

  • Allows the benefit to be doubled

  • Change to coincide with Fall 2012 registration which begins April 1st




Tax implications
Tax Implications

  • Undergraduate tuition & fees are not taxable at any amount of benefit.

  • For a graduate student taking 6 SCH during a tax (calendar) year, at a 20% tax rate, estimated liability is $332.

  • Total value of benefit = $1,660 - $332; employee ‘saves’ $1,328


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