Does Vimeo Offer A Stipend For Childcare?

The banking giant offers a Child Care Plus reimbursement of $275 per month per child for those under 12 years old or younger if they are incapable of taking care of themselves. To qualify for the reimbursement, employees must make under $15,000 per year. A childcare stipend is a fixed sum of money employers provide working parents to help cover childcare costs. Employers can offer these stipends as a standalone perk or as part of their overall benefits package.

65 of our current partners offer employer-sponsored child care (or general caregiving) credits to their employees, with the most common amount being $500 per year per child. Childcare stipends can be designed to cover full or partial costs. When purchasing a Starter plan, you unlock features listed below. Vimeo provides 12 weeks fully-paid leave for employees who become adoptive parents, as well as $5,000 to spend on your bundle of childcare. Eligible and certified employees will receive $500 per month for their previous month of work (if eligibility criteria were met and verified by employer).

Employees can also become eligible if they set up a Dutch company, have their income/salary paid to this company, and pay Dutch tax. Kinship is a subsidy offered through the New Jersey Cres for Kids program that helps relatives who have custody of a relative’s children pay for child care. However, with a typical stipend for a PhD student between £15,000 to £19,000 per year, the report said stipends do not provide enough money to cover childcare costs.