Employer provided autos are a taxable benefit provided contractually to some EIU employees. Retirement and FICA/Medicare are deducted during the payroll process, but state and federal taxes are not. The employee is responsible for paying state and federal taxes. Travel from your domicile to Eastern and vice versa is considered personal.

Insurance

Please note that the State plan does not cover medical bills or personal injury claims for any drivers or passengers in your employer-provided automobile who are not Eastern Illinois University employees on official business. This means that to be covered in all circumstances, business and personal, you need to purchase at a minimum the state-required amount for liability insurance for this vehicle. This type of coverage can generally be purchased as an extension to your existing personal automobile policy and is relatively inexpensive.

Trading Vehicles

All official courtesy car agreements are currently completed by the Office of the Vice President for Business Affairs and approved before the employee can pick up the vehicle. When changing vehicles, contact the Vice President for Business Affairs Office at extension #2921 and please be prepared to furnish information regarding both vehicles. You may also fax your existing agreement to 581-3290 and indicate the changes. A new agreement will be completed and ready for pick-up within 48 hours.