Cafeteria Benefit Clause Samples

Cafeteria Benefit. 9 shall apply to teachers hired on or after July 1, 1995. Teachers hired before July 1, 1995, may choose to participate in the cafeteria benefit plan, but will no longer be eligible for any severance retirement lump sum or insurance benefits. A document to that effect, signed by the teacher, will be kept in the teacher's personnel file.
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Cafeteria Benefit. ‌ (A) The District shall provide an amount as stated below per month, for each employee to offset the actual cost of health, vision and dental insurance. This amount represents the total monthly contribution inclusive of any contribution pursuant to Section 1. Effective the first pay period that includes July 1, 2021, the District’s contribution shall be increased by fifty dollars ($50) per month for a total contribution of $1,465 per month. Effective the first pay period that includes July 1, 2022, the District’s contribution shall be increased by fifty dollars ($50) per month for a total contribution of $1,515 per month. Effective the first pay period that includes July 1, 2023, the District’s contribution shall be increased by fifty dollars ($50) per month for a total contribution of $1,565 per month. If during the term of this contract, an increase to this monthly benefit is extended to the Chino Valley Professional Firefighters (CVPF) Safety Unit and/or the District unrepresented management group, the District agrees to increase this benefit for Teamsters Unit members by the same amount to maintain equity with either group, whichever is higher. There is no provision for retroactivity, however, and said increase will take effect at the same time the Board of Directors authorizes an increase for CVPF, and/or unrepresented management. (B) Under this benefit, the District will make available the existing health, vision and dental insurance programs currently maintained for Unit employees or any other program(s) mutually agreed upon by the parties. All employees must enroll in one of the health programs offered by the District. (C) Selections or changes must be made during the Open Enrollment period and will remain in effect during the year, unless there is a qualifying event that permits the employee to alter his /her selection. (D) The District shall make available an IRS code section 125 plan for qualified medical and dependent care expenses. (E) The parties agree to meet as needed to consider potential alternate comprehensive vision and dental coverage options. (F) The District may reopen negotiations at any time during the term of the MOU on the issue of health care or cafeteria plan benefits in order to reduce or eliminate penalties under state or federal healthcare law.
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Cafeteria Benefit. A. Employees in the Unit shall be provided with a Cafeteria Plan which will be administered by the City pursuant to Section 125 of the Internal Revenue Code. B. The Cafeteria Plan is designed to give employees the flexibility to choose various benefits. The cafeteria plan gives employees a set dollar amount in which the employee may access any amount up to the maximum City contribution, which is outlined in Section C. Employees have the choice of applying Cafeteria Plan dollars to purchase health, and dental benefits provided through City plans. The employee may also choose to opt out provision of the cafeteria plan as outlined in Section D. C. The City’s contribution to the Cafeteria Plan to go towards the employee’s contributions for health, vision, and dental insurance premiums shall be as follows: a. Sworn employees hired on or before June 11, 2018 shall receive One thousand, four hundred dollars ($1,400) per month, b. Non-sworn employees hired on or before June 11, 2018 shall receive One thousand, three hundred dollars ($1,300) per month. c. Effective June 12, 2018 All newly hired employees into the Rialto Police Benefit Association – Management Unit shall be provided a monthly cafeteria allowance up to One thousand, four hundred dollars ($1,400) for sworn and One thousand, three hundred dollars (1,300) for non-sworn. Employee’s not exhausting the allowance for medical insurance premiums will not receive a cash back difference. D. Opt-out provision. The opt out provision will allow employees to receive a dollar amount that is not utilized to purchase any of the health, vision, or dental benefits through the City, which said dollar amount is up to one thousand two hundred fifty dollars ($1,250) for sworn employees hired on or before June 11, 2018, and up to one thousand two hundred dollars ($1,200) for non- sworn employees hired on or before June 11, 2018. Effective June 12, 2018 all newly hired employees into the Rialto Police Benefit Association – Management Unit electing to opt-out of medical coverage shall be provided a limited $100.00 per pay period opt-out allowance for not using medical insurance. Documentation is required to verify that the employee has obtained insurance outside of the City or is receiving insurance through his or her spouse’s (‘Spouse’ includes registered domestic partners throughout this MOU so long as required by California law) plan before the employee may opt out. Employees may use some of the amount for benefits, with an...
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Cafeteria Benefit. A. Employees in the Unit shall be provided with a Cafeteria Plan which will be administered by the City pursuant to Section 125 of the Internal Revenue Code. B. The Cafeteria Plan is designed to give employees the flexibility to choose various benefits. The cafeteria plan gives employees a set dollar amount in which the employee may access any amount up to the maximum City contribution, which is outlined in Section C. Employees have the choice of applying Cafeteria Plan dollars to purchase medical, vision, and dental benefits provided through City plans for themselves and any dependents. The employee may also choose to opt out provision of the cafeteria plan as outlined in Section
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Cafeteria Benefit. (A) The District shall provide an amount as stated below per month, for each employee to offset the actual cost of health, vision and dental insurance. This amount represents the total monthly contribution inclusive of any contribution pursuant to Section 1. Effective the first pay period that includes July 1, 2024, the District’s contribution shall be increased by two hundred fifty dollars ($250) per month for a total contribution of $1,815 per month. Effective the first pay period that includes July 1, 2025, the District’s contribution shall be increased by one hundred thirty-five dollars ($135) per month for a total contribution of $1,950 per month. Effective the first pay period that includes July 1, 2026, the District’s contribution shall be increased by two hundred fifty dollars ($250) per month for a total (B) Under this benefit, the District will make available the existing health, vision and dental insurance programs currently maintained for Unit employees or any other program(s) mutually agreed upon by the parties. All employees must enroll in one of the health programs offered by the District. (C) Selections or changes must be made during the Open Enrollment period and will remain in effect during the year, unless there is a qualifying event that permits the employee to alter his /her selection. (D) The District shall make available an IRS code section 125 plan for qualified medical and dependent care expenses. (E) The parties agree to meet as needed to consider potential alternate comprehensive vision and dental coverage options. (F) The District may reopen negotiations at any time during the term of the MOU on the issue of health care or cafeteria plan benefits in order to reduce or eliminate penalties under state or federal healthcare law.
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Cafeteria Benefit. ‌ (A) The District shall provide one thousand three hundred fifteen dollars ($1,315) per month, for each employee to offset the actual cost of health, vision and dental insurance. The $1,315 represents the total monthly contribution inclusive of any contribution pursuant to Section 1. Effective July 1, 2019, the District’s contribution shall be increased by fifty dollars ($50) per month for a total contribution of $1,365 per month. If during the term of this contract, an increase to this monthly benefit is extended to the Chino Valley (B) Under this benefit, the District will make available the existing health, vision and dental insurance programs currently maintained for Unit employees or any other program(s) mutually agreed upon by the parties. All employees must enroll in one of the health programs offered by the District. (C) Selections or changes must be made during the Open Enrollment period and will remain in effect during the year, unless there is a qualifying event that permits the employee to alter his /her selection. (D) The District shall make available an IRS code section 125 plan for qualified medical and dependent care expenses. (E) The parties agree to meet as needed to consider potential alternate comprehensive vision and dental coverage options. (F) The District may reopen negotiations at any time during the term of the MOU on the issue of health care or cafeteria plan benefits in order to reduce or eliminate penalties under the Affordable Care Act.‌
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Related to Cafeteria Benefit

  • Cafeteria Plan As of the Distribution Date, Seaport Entertainment or any of its Subsidiaries shall establish or provide a cafeteria plan qualifying under Section 125 of the Code (the “Seaport Entertainment Cafeteria Plan”) allowing for the payment of welfare plan premiums on a pre-tax basis by Transferring Employees. As of January 1 of the calendar year following the calendar year in which the Distribution Date occurs, Seaport Entertainment or any of its Subsidiaries shall amend the Seaport Entertainment Cafeteria Plan to also provide for health care and dependent care flexible spending reimbursement accounts thereunder in which Transferring Employees who meet the eligibility criteria thereof may be immediately eligible to participate. From the Distribution Date until the end of the calendar year in which the Distribution Date occurs, each Transferring Employee who participated in health care or dependent care flexible spending reimbursement accounts under HHH’s cafeteria plan (the “HHH Cafeteria Plan”) immediately prior to the Effective Time will be permitted to continue participation in such flexible spending reimbursement accounts, and applicable elections and payroll deductions that were in effect immediately before the Effective Time will continue, during the Transferring Employee’s continued employment with the Seaport Entertainment Group on and after the Effective Time, with the amount of such payroll deductions transferred to HHH pursuant to the HHH Cafeteria Plan. As soon as practicable following the claim submission deadline under the HHH Cafeteria Plan for claims incurred in the calendar year in which the Distribution Date occurred, the HHH Group shall determine the aggregate accumulated contributions to the flexible spending reimbursement accounts under the HHH Cafeteria Plan made during such year by the Transferring Employees less the aggregate reimbursement payouts made for such year from such accounts to such Transferring Employees (the “Net FSA Balance”). If the Net FSA Balance is positive, the HHH Group shall pay to the Seaport Entertainment Group an amount in cash equal to the Net FSA Balance. From the Distribution Date until the end of the calendar year in which the Distribution Date occurs, HHH shall be solely responsible for all claims for reimbursement from the flexible spending reimbursement accounts incurred by the Transferring Employees during the calendar year that includes the Distribution Date and submitted to the HHH Cafeteria Plan by the Transferring Employee no later than the claim submission deadline with respect to such calendar year, whether such claims are incurred prior to, on or after the Distribution Date, which claims shall be paid pursuant to and under the terms of the HHH Cafeteria Plan.

  • Retirement Benefit (i) In consideration of the Executive's past services to the Company, the Executive shall be entitled to a retirement benefit, payable monthly for his life, in an amount equal to 50 percent of his highest monthly Base Salary during the Employment Term. Such payments shall commence on the first day of the month coincident with or next following the later of the Executive's attainment of age 58 or the end of the Employment Term (the "Commencement Date"); provided, however, that if the Employment Term terminates prior to his attainment of age 58, the Executive may elect by written notice to the Company to have such payments commence on the first day of any month after such termination of employment (the "Early Commencement Date") in a monthly amount equal to the monthly amount that the Executive would have received at the Commencement Date, reduced by one-third of one percent (.33%) per month for each month by which the Early Commencement Date precedes the Commencement Date. The amount of each payment hereunder shall be increased on each January 1 following the Early Commencement Date or Commencement Date, as applicable, by an amount determined by multiplying the amount of each monthly payment made in the preceding year by the percentage increase, if any, in the cost of living from the preceding January 1, as reflected by the Consumer Price Index. The Executive's election to have his retirement benefit payments commence on the Early Commencement Date shall not affect the Company's obligation to pay consulting fees to the Executive in accordance with Section 4 hereof. The retirement benefit shall be an unconditional, but unsecured, general credit obligation of the Company to the Executive, and nothing contained in this Agreement, and no action taken pursuant to it, shall create or be construed to create a trust of any kind between the Company and the Executive. The Executive shall have no right, title or interest whatever in or to any investments which the Company may make (including, but not limited to, an insurance policy on the life of the Executive) to aid it in meeting its obligations hereunder. (ii) From time to time, the Company shall make such contributions to the trust established under the Trust Agreement dated as of December 18, 1986 (the "1986 Trust") between the Company, as grantor, and Wi▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇, as successor trustee, to provide a sufficient reserve for the discharge of its obligation to pay the retirement benefit to the Executive as provided in clause (i) of this Section 3(c) and clauses (ii) and (iii) of Section 5(a) hereof.

  • Dental Benefits The County offers dental and orthodontic benefits to full and part-time regular employees and their eligible dependent(s). Benefit provisions, co­ payments and deductibles are outlined in the Evidence of Coverage. The employee contribution is $13 per pay period ($28.26 per month). The County shall contribute to part-time eligible employees on a pro-rated basis, in accordance with Section 10.2.6.

  • Retirement Benefits Due to either investment or employment during the marriage, either the Husband or Wife: (check one)

  • Fringe Benefit The benefits provided by this Agreement are granted by the Employer as a fringe benefit to the Executive and are not a part of any salary reduction plan or any arrangement deferring a bonus or a salary increase. The Executive has no option to take any current payments or bonus in lieu of the benefits provided by this Agreement.