The Princeton University Retirement Plan (PURP) is a tax-qualified defined contribution savings plan. The University makes contributions to the PURP on an employee’s behalf, and these contributions are invested in the investment options that participants select.
Considering this, do Princeton employees get free tuition?
After five years of benefits-eligible service, employees may be eligible to receive a tuition grant under the Children’s Educational Assistance Plan for half of their eligible child’s tuition and mandatory education fees up to $20,150 for the 2021-2022 academic year.
In this way, what is a qualified educational assistance program? A qualified educational assistance program is a plan established and maintained by an employer under which the employer provides educational assistance to employees. … The program must be a separate written plan of the employer.