Alternate Insurance or Cash in Lieu of Health Insurance. a. Employees who are eligible for but do not elect group health insurance benefits provided by the Employer pursuant to this Article, may instead elect to receive a cash benefit under the Employer’s Section 125 Plan, in the amount of $3,950.00. The employee shall be responsible for his/her share of FICA taxes in accordance with the requirements of the IRS, but shall not be responsible for the Employer’s share of FICA taxes.
Appears in 4 contracts
Samples: Master Agreement, Master Agreement, Master Agreement
