A cost reduction is granted to a Marywood University full-time employee whose dependent children are enrolled at the Fricchione Day Care Center. Beginning on July 1, 2017, the cost reduction will be applied according to the following scale:
Family income is under $25,000 35% for each child
Family income is $25,000 to $50,000 25% for each child
Family income is over $50,000 15% for each child
No additional discounts are provided for multiple children.
Family income from prior calendar year is used to determine discount.
The discount for each fiscal year is based on the higher of the employee’s family income as shown on the prior calendar year federal tax return or their current Marywood salary.
Discounts are only adjusted as of July 1 each year.
For grandchildren of Marywood employees enrolled in the Fricchione Day Care Center as of March 31, 2017, the cost reduction for that child will continue at half of the cost reduction rates noted above. Family income refers to the income of the parents of that child, rather than the grandparents.
Dependent child is a biological, adopted, foster or step child, or a legal ward who is claimed by the employee as a dependent for federal tax purposes.
Employee is a full-time member of the administration, faculty, or staff of Marywood University.
Employees requesting a discount of more than 15% must submit a copy of their federal tax return to Human Resources showing Adjusted Gross Income (AGI) for the most recent tax year in order to qualify for this benefit.
Employees are subject to the ordinary policies and procedures for enrolling children at the day care center, including the possibility of being placed on a waiting list.