myHR: News from Penn's Division of Human Resources

myHR Archives

myHR: February 13, 2013

Tuition Assistance for Your Family

Tuition assistance is one of the many perks of working at Penn. But faculty and staff aren’t the only ones who can get an education for an affordable price. Your entire family can take advantage of the University’s tuition benefit to pursue their academic goals.

Eligible dependent children can receive tuition assistance for courses at Penn or other accredited institutions, and it’s usually tax-free. The tuition benefit covers 75% of your child’s technology and tuition fees at Penn. You can also take advantage of the Direct Grant program which helps subsidize the cost of your child’s education at accredited schools other than Penn. Penn covers the school's tuition charge per term, or the equivalent of 40% of the tuition cost for one full-time semester at Penn (whichever is less). 

Your spouse or domestic partner can also cash in on the value of Penn’s tuition benefit. Generally, the University covers 50% of the tuition and technology fees for eight semesters toward an undergraduate degree at Penn.

Keep in mind the tuition benefit for both children and spouses/domestic partners applies to undergraduate degree programs only. For more information, click here.


The Secrets to Making a Powerful Presentation

Have you ever seen a presentation that had you yawning from the moment it began? No one wants to watch a boring, tedious performance—and you don’t want to deliver one either. That means your public speaking skills need to be up to snuff, and we’ll help you perfect them.

Join us on March 5 and 6 to learn Strategies for Developing Effective Presentation Skills. Hosted by the American Management Association, this two-day program will teach you how to make a memorable and informative presentation. Get hands-on experience by making three live presentations and receiving personalized feedback to help you polish your skills. You’ll learn how to deliver a clear and convincing message, develop and organize your content, rehearse your notes, and channel your nerves. We’ll also show you how to use visual aids, handle questions from the audience, and more.

Ready to take your presentation skills to the next level? Your department will be charged a nominal fee ($75) for this workshop. Click here for complete details and to register.


A Helping Hand When You Need it Most

Life is full of battles, and most people can’t tackle every challenge on their own. Maybe you’re struggling with depression, suffering from the loss of a loved one, or stressed about major life changes like buying a home, adopting a child or getting married. No matter what your situation, sometimes you need help to get you through. That’s when you can turn to Penn’s Employee Assistance Program (EAP).

Available 24 hours a day, 7 days a week, the EAP gives you and your family access to free, confidential counseling and referral services for personal and professional life issues. Penn Behavioral Health counselors will work with you to assess your situation and help identify next steps.

What’s more? You and your family members can each schedule up to eight counseling sessions per fiscal year for a specific issue—at no cost to you. Get started by contacting the EAP online or calling 888-321-4433 for help.

To learn more about how the EAP can help you, click here.


Get Credit for Your Retirement Savings

Tax season has arrived—and if you put money toward a retirement plan last year, you may be able to get credit for it.

The Retirement Savings Contribution Credit (also known as the Saver's Credit) provides a credit of up to $1,000 ($2,000 for joint filers). The amount of the credit depends on your income, tax filing status, and how much you contributed to your retirement plan in 2012. Take a look at the table below to see if you’re eligible.

 

Modified Adjusted Gross Income

Credit %

Maximum Tax Credit (per person)*

Married Filing Jointly

Head of Household

Single

$0-$34,500

$0-$25,875

$0-$17,250

50% of first $2,000 deferred

$1,000

$34,501-$37,500

$25,876-$28,125

$17,251-$18,750

20% of first $2,000 deferred

$400

$37,501-$57,500

$28,126-$43,125

$18,751-$28,750

10% of first $2,000 deferred

$200

*According to the IRS, the maximum annual contribution eligible for the Saver's Credit is $2,000.

Keep in mind you can’t be claimed as a dependent on someone else’s tax return if you want to take advantage of the Saver’s Credit.

For more information, visit the Internal Revenue Service website.