Relocation Expense Policy
¼â½ÐÊÓƵ University’s relocation policy is designed to assist full-time faculty and exempt employees to transition to a new local residence. Employee reimbursement/payment for normal household goods relocation covers a maximum allowance of $5,000. Relocation expenses paid by the employer are considered taxable income and will be reflected on your W-2 statement at end of the calendar year.
To be eligible for relocation assistance, all the following criteria must be fulfilled:
- You must be a newly hired full-time faculty or full-time exempt employee;
- You move your primary residence at least 50 miles closer to ¼â½ÐÊÓƵ University;
- Relocation takes place within 6 months of Date of Hire (unless other arrangements are discussed and approved by Human Resources);
- The ¼â½ÐÊÓƵ University Authorization form is completed and approved by Human Resources.
If an employee terminates before the completion of one year of service, after having received a University paid relocation allowance, the University may require a repayment of up to the full amount of the paid relocation.
