PSEG Crisis Fund

Frequently Asked Questions - Crisis Fund

Who is Eligible for Employee Crisis Funding?

 

  • Active, regular full-time employees
  • Active, regular part-time employees
  • Immediate family members as defined in the answer to question 2.

 

Officers are not eligible.

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Who qualifies as an immediate family member?

Immediate family member is defined as:
Employee’s child, spouse, domestic partner, civil union partner, parent and any other relative who is a member of the employee's household.

Please Note: a child is defined as a biological, adopted or foster child, a stepchild, a legal ward or a child of a person standing in place of the parent. A parent is defined as a biological parent, a parent-in-law, or a legal guardian.

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What is considered a Catastrophic Event or Illness/Injury?

Catastrophic illness or injury is defined as an illness, injury, impairment, or physical condition that a licensed physician certifies as terminal or life threatening.

Catastrophic events include but are not limited to: mass flood, fire, tornado, earthquake, and severe storm, where the incident leads to substantial destruction of property. This also includes personal incidents such as violent crime, severe accident, or death that causes severe financial hardship for the family.

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How Do I Apply for Crisis Funding?

Guidelines and Applications can be found on Information Central. Please note that an employee will be asked to select from one of two applications: 1) Catastrophic Event application or 2) Illness/Injury application for the employee or the family member. The Illness/Injury application also requires completion of the appropriate Medical Certification form.

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What other benefits does PSEG provide for me in a crisis situation?

Other benefits that may be available to eligible employees in a crisis situation include:

  • Family and Medical Leave of Absence
  • Vacation Donation
  • Leave of Absence – Convalescence

See Manuals Connection on Information Central for details on these benefits.

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What Documentation is required?

Employees seeking assistance need to complete all parts of the application. The Community Foundation of New Jersey may contact the applicant for additional documentation. The PSEG Medical Department may also contact the employee if additional information is required for medical crises. Examples of documentation include but are not limited to medical records, insurance documents, property deeds, police reports, etc. Medical information will not be shared outside of the PSEG Medical Department.

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Who will know that I have applied for Employee Crisis Funding?

The Human Resources Employee Services Business Center will receive the application and validate eligibility. The PSEG Medical Department (for medically-related crises only) validates medical certification. After all validation is complete, the application will be forwarded to the Community Foundation of New Jersey for funding consideration. All information will be kept confidential and will not be shared with PSEG.

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What is the Community Foundation of New Jersey?

The Community Foundation of New Jersey is an Internal Revenue Tax Code Section 501(c)(3) nonprofit organization that is an alliance of families, businesses and foundations that work together to create lasting differences in lives and communities. Donors can establish a charitable fund to focus charitable dollars on causes, organizations and communities they believe in. The PSEG Foundation has established a fund within the Community Foundation of New Jersey to assist PSEG employees in times of crisis.

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Why doesn’t the PSEG Foundation or PSEG give directly to the employees?

It is legally difficult for the PSEG Foundation or corporate giving programs to give nontaxable funding to employees in crisis situations. The Community Foundation of New Jersey was selected to be responsible for the PSEG Employee Crisis Fund based on its experience in handling these types of funds. Ultimate determination of award is the responsibility of the Community Foundation of New Jersey.

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What happens after I have applied for funding?

All applications will be screened by the Human Resources Employee Services Business Center to verify employee status. The PSEG Medical Department will screen all Medical Certification Forms. Those meeting eligibility are forwarded to the Community Foundation of New Jersey for review and funding determination.

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How much money can I receive?

An employee can receive up to $5,000 per incident or event. Each application will be reviewed by the Community Foundation of New Jersey and the appropriate funding amount will be determined on a case by case basis.

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Is Employee Crisis Fund money taxable to the employee?

No. Money received by the employee from the Community Foundation of New Jersey as part of the Employee Crisis Fund is not taxable.

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If I receive funding, do I have to repay the money?

No. Crisis funding through the Community Foundation of New Jersey is not a loan and does not require repayment of any kind.

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What happens after I have been approved for funding?

A representative from the Community Foundation of New Jersey will notify the employee if the application has been approved for funding and will forward all funding directly to the employee.

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How long will it take to receive funding?

Approved applicants will receive funding within ten business days of the Community Foundation of New Jersey’s approval of the employee’s application by PSEG.

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If I apply for crisis funding, can I also apply for Vacation Donation and vise versa?

Yes. Vacation Donation and the Employee Crisis Fund are two separate programs with different processes. All final determinations for Vacation Donation are made by PSEG. In contrast, all Crisis Fund determinations are made by the Community Foundation of New Jersey.

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Who funds the Employee Crisis Fund?

The Employee Crisis Fund is funded by the PSEG Foundation; however, federal tax regulations require that within five years of initiation, 2/3 of the Fund must be funded by contributions from other sources such as employees.

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Who can donate to the Employee Crisis Fund?

 

Any individual or group can make a donation to the Employee Crisis Fund.

Donations to the PSEG Employee Crisis Fund can be made by credit card, check or stock.

Credit card gifts can be made at the Community Foundation of New Jersey’s website at www.cfnj.org/pseg where you can direct the gift to the PSEG Employee Crisis Fund.

Checks should be made payable to the Community Foundation of New Jersey and mailed with the appropriate form, and specific instructions, to direct the donation to the PSEG Employee Crisis Fund.

To make a gift of stock, please contact the Community Foundation of New Jersey directly.

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Can I designate my donation for a specific employee or employee’s family member?

Donations to the PSEG Employee Crisis Fund cannot be targeted to a specific individual by IRS rule. Moreover, donor names or recipient names will not be disclosed unless authorization from the recipient is received. The Community Foundation of New Jersey will provide an annual report which will be made available.

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Who can I contact for more information about the Employee Crisis Fund?

For further information and clarification on the PSEG Employee Crisis Fund, please contact the Community Foundation of New Jersey directly at 973-267-5533 or visit the website at www.cfnj.org/pseg.

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Batter Up /
Softball Tournament - July 14

Dust off those cleats to benefit Employee Crisis Fund!


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Plan a trip to see the new exhibit supported by PSEG. Grand opening May 19.


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