125 FLEXIBLE BENEFIT PLAN CONTRIBUTION. The City shall make a monthly contribution to each eligible member of the unit to be used toward the § 125 Flexible Benefit Plan. These funds shall only be used for qualified benefits as provided for in 26 USC § 125. All excess benefit dollars shall be added to each employee’s taxable earnings. Discussion of new flexible benefits to be covered like Long Term Care and other possible options.
Appears in 3 contracts
Samples: Memorandum of Understanding, Memorandum of Understanding, Memorandum of Understanding
125 FLEXIBLE BENEFIT PLAN CONTRIBUTION. 1. The City shall make a monthly contribution to each eligible member of the unit to be used toward the § 125 Flexible Benefit Plan. These funds shall only be used for qualified benefits as provided for in 26 USC USCS § 125. All excess benefit dollars shall be added to each employee’s taxable earnings. Discussion of new flexible benefits to be covered like Long Term Care and other possible options.
Appears in 2 contracts
Samples: Memorandum of Understanding, Memorandum of Understanding
125 FLEXIBLE BENEFIT PLAN CONTRIBUTION. The City shall make a monthly contribution to each eligible member of the unit to be used toward the § 125 Flexible Benefit Plan. These funds shall only be used for qualified benefits as provided for in 26 USC USCS § 125. An administrative fee will be charged to employees who elect the out-of-pocket medical expense reimbursement. All excess benefit dollars shall be added to each employee’s taxable earnings. Discussion of new flexible benefits to be covered like Long Term Care and other possible options.
Appears in 1 contract
Samples: Memorandum of Understanding
125 FLEXIBLE BENEFIT PLAN CONTRIBUTION. 1. The City shall make a monthly contribution to each eligible member of the unit to be used toward the § 125 Flexible Benefit Plan. These funds shall only be used for qualified benefits as provided for in 26 USC § 125. All excess benefit dollars shall be added to each employee’s taxable earnings. Discussion of new flexible benefits to be covered like Long Term Care and other possible options.
Appears in 1 contract
Samples: Memorandum of Understanding
125 FLEXIBLE BENEFIT PLAN CONTRIBUTION. 1. The City shall make a monthly contribution to each eligible member of the unit to be used toward the § 125 Flexible Benefit Plan. These funds shall only be used for qualified benefits as provided for in 26 USC USCS § 125. An administrative fee will be charged to employees who elect the out-of-pocket medical expense reimbursement. All excess benefit dollars shall be added to each employee’s taxable earnings. Discussion of new flexible benefits to be covered like Long Term Care and other possible options.
Appears in 1 contract
Samples: Memorandum of Understanding
125 FLEXIBLE BENEFIT PLAN CONTRIBUTION. The City shall make a monthly contribution to each eligible member of the unit to be used toward the § 125 Flexible Benefit Plan. These funds shall only be used for qualified benefits as provided for in 26 USC USCS § 125. An administrative fee will be charged to employees who elect the out-of- pocket medical expense reimbursement. All excess benefit dollars shall be added to each employee’s taxable earnings. Discussion of new flexible benefits to be covered like Long Term Care and other possible options.
Appears in 1 contract
Samples: Memorandum of Understanding