Tim Cook discussed many topics at yesterday’s Town Hall meeting, among those the Apple CEO announced some new Apple employee benefits.

9to5Mac reports that starting somewhere in June of this year Apple employees will be given $500 discounts on purchases of new Macs and $250 discounts on purchases of a new iPad. This is on top of the existing 25% discount.

A major caveat is that Apple employees may only utilize the opportunity every three years and employees must have been working for Apple for at least 90 days. The Mac discount side of the program excludes the Mac mini, which is already close to that $500 of credit. Apple employees currently have a 25 percent discount on Macs, so in many cases the $500 is a big deal. (Thanks iDannyOcean)