Criteria for Eligibility and
Payroll Deduction Program Terms
RAMTECH operated by Barnes & Noble @VCU, in partnership with University Human Resources (UHR),
offers full-time Virginia Commonwealth University (VCU) faculty and staff a Payroll Deduction program to assist them in purchasing technology products from RAMTECH (computers, printers, etc.). This
interest-free pilot program will enable qualified employees of VCU to spread
out payments over a mutually agreed number of pay periods. All payments
will be deducted automatically from the participating employee’s paycheck. Payroll Deduction is only available in-store at RamTech. Criteria
for Eligibility 1.
Purchaser must be a
full time VCU employee in good standing with VCU and have no work performance
issues at time of purchase. Please note that the following employee
classifications are not considered full time employees: Adjunct Faculty,
Student Workers, Work Study Students, Contractors, Hourly Employees and
Affiliates (non employees). 2.
After paying 10% of the total value of the transaction at the time of purchase (down payment), the total amount to be deducted from payroll, including all purchases, must be
between $180.00 and $4,500.00. No more
than one open transaction is allowed at a time. A current RAMTECH payroll
deduction must be paid in full before a subsequent RAMTECH payroll deduction
may be permitted to begin. 3.
The RAMTECH payroll
deduction amount for each individual pay period must be between $25 and $250. 4.
The payroll deduction
plan may not extend beyond a period of 16 pay periods or 8 months per
transaction. 5.
There are NO RETURNS
OR EXCHANGES on products purchased via payroll deduction.
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