The SYD TLC Fund was established to provide financial assistance to team members and/or legal dependents who encounter significant financial hardships resulting from a qualifying incident. This initiative is designed to help alleviate the financial burden that can arise from unexpected situations such as medical emergencies, natural disasters, or other unforeseen circumstances.
When an application for assistance is submitted, it will undergo a thorough review process conducted by the SYD Employee Assistance Grant Advisory Committee. This committee is responsible for evaluating each application to assess the validity of the assistance claim and determine the appropriate level of support. Importantly, all applications and any related information will be handled with the utmost confidentiality to protect the privacy of those involved.
The grant limit is $2,000 for full-time employees, with a cumulative amount of $2,000 in a 365-day period. The grant limit is $1000 for part-time employees, with a cumulative amount of $1,000 in a 365-day period. The minimum grant amount is $250.
If an application is approved, SYD Employee Assistance will distribute funds in the most appropriate way for the situation. Payments will be made directly to the vendor or service provider to whom the associate owes money, ensuring that the funds are applied where they are most needed. Alternatively, if the associate has already settled the payment and has a paid receipt as proof, they may receive reimbursement directly from the fund. This process aims to ensure swift and effective assistance to those in need during their challenging times.
Applications will not be considered until they are complete. Applications must be submitted within 90 days of the qualifying incident.