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CONTRACT UPDATE – Employer Contribution to Dependent Care Advantage Accounts

As a result of the ratification of the one-year Contract, PEF represented employees who are currently enrolled in the Dependent Care Advantage Account will have the Employer Contribution automatically applied to their account for the 2016 plan year.  Contributions will be in the paychecks of August 24 for the Administration payroll, and September 1 for the Institution payroll.  PEF represented employees who enroll in the Dependent Care Advantage Account with an eligible Change In Status (CIS) event will now be eligible for the Employer Contribution for the remainder of the 2016 plan year.  Please see the attached letter for details.