Financial Crisis Assistance Program
To address our employees’ financial emergencies, the University has established the Financial Crisis Assistance Program in collaboration with the Govans Ecumenical Development Corporation (GEDCO), a faith-based organization that helps meet the emergency needs of area residents, including members of the Loyola University Community. Through GEDCO’s CARES program, employees who are facing financial hardship may be eligible for financial assistance and social services referrals. The Loyola University Maryland Crisis Assistance Grant provides eligible, accepted employees with a taxed grant of up to $1,000 or no more than 10% of the crisis fund balance. To be considered for a Crisis Assistance grant, eligible employees must have insufficient resources to deal with immediate consequences of a disastrous, catastrophic or major life event. An event will be considered a disaster or catastrophe if it is sudden, unanticipated or accidental.
For more information on the Crisis Assistance Program and other programs designed to address employee emergencies, please refer to the staff and administrator policy manual or contact the office of human resources at ext. 2354.
Resources
This website provides a summary of the benefits available. The University reserves the right to modify, amend, suspend or terminate any plan at any time, and for any reason without prior notification. You will be notified of any changes to these plans and how they affect your benefits, if at all. The plans described on this website are governed by insurance contracts and plan documents, which are available for examination. We have attempted to make explanations of the plans on this website as accurate as possible. However, should there be a discrepancy between this website and the provisions of the insurance contracts or plan documents, the provisions of the insurance contracts or plan documents will govern. In addition, you should not rely on any oral descriptions of these plans, since the written descriptions in the insurance contracts and plan documents will always govern.