106 CMR, § 708.150 - Wage Reimbursements to FEP Employers

(A) Once a FEP participant begins working in a subsidized FEP position, the Department shall pay FEP employers the following amounts as partial reimbursements for wages paid to FEP participants in accordance with 106 CMR 707.180: Full Employment Program:

(1) For the first nine months of employment, the FEP employer will receive a net reimbursement of $2.50 per hour for each FEP participant. This is an initial subsidy of $3.50 per hour, of which $1.00 per hour will be diverted to an Individual Asset Account (IAA) held by the Department on behalf of each FEP participant.

(2) For the next three months of employment, the FEP employer will receive a net reimbursement of $1.50 per hour for each FEP participant. This is an initial subsidy of $2.50 per hour, of which $1.00 per hour will be diverted to an IAA held by the Department on behalf of each FEP participant.

(B) An agency contracted by the Department shall hold and manage the IAA for each FEP participant. The total IAA contributions shall be held and be paid to the FEP participant by the Department upon termination of the participant from the FEP program in accordance with 106 CMR 707.180: Full Employment Program.

Notes

106 CMR, § 708.150

Adopted by Mass Register Issue 1360, eff. 3/9/2018.