Funds

Contracts may include provisions on various types of funds to help workers balance work and family. Generally, funds help workers offset the cost of dependent care by providing either direct cash payments or reimbursement for dependent care expenses. However, some funds also assist employees with professional development or other educational opportunities such as parenting classes. Funds may be based on the number of hours worked (e.g. the employer contributes three cents an hour for each employee hour worked to the fund) or they may be based on specific dollar amounts.

 

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