CAFETERIA BENEFIT PLAN. A. The CITY shall make available a cafeteria benefit program. The CITY shall provide the number in dollars in the Cafeteria Benefit Plan to be benchmarked and maintained at the same level of the “Self-Represented Employees.” Options available under the program shall be as set forth in the Annual Open Enrollment and Cafeteria Benefit Plan information booklet.
B. The Cafeteria Plan makes available alternate health insurance plans from which eligible employees may select health insurance coverage. Any insurance coverage selected which costs more than the Annual Benefit Allotment provided by the CITY will be paid for by the employee through deductions withheld from the bi-weekly paycheck.
C. The Cafeteria Plan offers reimbursement for certain expenses in addition to the health coverage, and the voluntary vision and dental coverage. Reimbursement may be made by a Third Party Administrator.
D. The health insurance plans provided by the CITY shall include benefits at least equal to the benefits contained in the health insurance plans available on the effective date of this MOU. Nothing herein shall prevent the CITY and the ASSOCIATION from mutually agreeing to the provision for different health insurance benefits to employees covered by this MOU, during the term of this MOU, so long as the benefit levels remain approximately the same.
E. To the extent that Congress enacts tax reform legislation which impacts the Cafeteria Plan, the CITY and the ASSOCIATION agree to meet and confer on the implementation of any mandatory changes.
F. The CITY reserves the right at any time during the term of this MOU to change its insurance carriers. In the event such a change materially affects coverage or benefits, the CITY agrees to meet and confer in advance of such change, provided however, that if such a change results in comparable coverage and benefits, no obligation to meet and confer shall arise hereunder.
G. The CITY and the ASSOCIATION agree to negotiate over health care during the term of this agreement, without having to re-negotiate the entire agreement. This re-opener allows the parties to address any changes to health care reform legislation, including but not limited to the Cadillac Tax provisions of 2018. The CITY will meet and confer to determine the best way to limit the potential liability of these changes and will work with the ASSOCIATION to determine how a set of similar benefits may be offered if changes are necessary during the term of the agreement. If a ...
CAFETERIA BENEFIT PLAN. Employees shall be eligible to participate in the County’s Cafeteria Benefit Plan and shall continue to participate in such plan as may be amended from time to time at the sole discretion of the Board of Supervisors. The County’s Cafeteria Benefit Plan, authorized under Section 125 of the Internal Revenue Service (“IRS”) Code, was established for the purpose of providing eligible employees the ability to elect pre-tax deductions from salary to the extent permitted by the IRS regulations, to pay for allowable medical and other covered optional benefit expenses. In addition, the County provides employees with a County Allowance (as outlined in subsection 6.G. (County Allowance) below) in order to offset the cost related to such eligible benefits. During the annual Open Enrollment for each new plan year, or within the first thirty (30) days of becoming eligible, the County Allowance will be allocated towards the eligible plans as follows, if elected: • Medical • Vision • Supplemental Employee Group Life Insurance • Accidental Death and Dismemberment Insurance The remaining County Allowance funds, up to five hundred dollars ($500), are automatically deposited into the employee’s Health Care Flexible Spending Account (“Health Care FSA”). In addition, the employee may allocate pre-tax salary contributions towards eligible Health Care, Dependent Care, and/or Adoption Assistance FSAs. Unallocated and/or unused funds are subject to subsection 6.G.4. (Unallocated and/or Unused Funds).
CAFETERIA BENEFIT PLAN. Employees shall be eligible to participate in the County’s Cafeteria Benefit Plan. The County’s Cafeteria Benefit Plan, authorized under Section 125 of the Internal Revenue Service (IRS) Code, was established for the purpose of providing eligible employees the ability to elect pre-tax deductions from salary, to the extent permitted by the IRS regulations, to pay for allowable medical and other covered optional benefit expenses. In addition, the County provides employees with a County Allowance (as outlined in subsection 11.G. (County Allowance) below) in order to offset the cost related to such eligible benefits.
CAFETERIA BENEFIT PLAN a. The cafeteria plan for optional fringe benefits, intended to be in accordance with the requirements of IRS Code Section 125, shall be continued as a, “payroll deduction option”.
CAFETERIA BENEFIT PLAN a. The cafeteria plan for optional fringe benefits, intended to be in accordance with the requirements of IRS Code Section 125, shall be continued as a, ―payroll reduction option‖. The Board shall make no contribution.
b. Neither the Board nor the Association assumes any responsibility nor liability for individual tax consequences which may occur as a result of employee participation or non-participation in this benefit program. Each employee is to determine for himself or herself the tax effect of the plan participation or non-participation, and no representations nor guarantees are made or implied by either the Board or the Association as to the tax effect of plan participation or non- participation for individual employees.
CAFETERIA BENEFIT PLAN. The CITY implemented an Internal Revenue Code Section 125 cafeteria plan ("PLAN") on or about August 1, 1989. The PLAN contains provision for employer contribution and EMPLOYEE flexible spending accounts. The PLAN, if practical, shall be written to provide for all allowable benefits. This MOU shall control which of those benefits are utilized and the dollar amount of any employer contribution.
CAFETERIA BENEFIT PLAN. The Company shall establish a Benefit Plan to qualify as a Cafeteria Plan under Section 125 of the Internal Revenue Code of 1986, to provide eligible employees a choice between certain taxable benefits and nontaxable benefits offered in this Article VII.
CAFETERIA BENEFIT PLAN. The County’s Cafeteria Benefit Plan, authorized under Section 125 of the Internal Revenue Service (IRS) Code, was established for the purpose of providing eligible employees the ability to elect pre-tax deductions from salary, to the extent permitted by the IRS regulations, to pay for allowable medical and other covered optional benefit expenses. In addition, the County provides employees with a County Allowance in order to offset the cost related to such eligible benefits. During the annual Open Enrollment for each new plan year, or within the first 30 days of employment of becoming eligible, an employee may allocate their County Allowance and/or pre-tax deductions from salary towards eligible plans as follows:
a. Medical;
b. Vision;
c. Supplemental Employee Group Life Insurance and Group Accidental Death and Dismemberment Insurance, and
d. Flexible Spending Accounts for Health Care (Health FSA); Dependent Care; and Adoption Assistance. The cost and maximum contributions for these benefits are outlined in the County’s Employee Benefits Handbook. Employees shall continue to participate in the Cafeteria Benefit Plan, subject to any amendments/changes that may occur at the sole discretion of the Board of Supervisors.
CAFETERIA BENEFIT PLAN. 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.
CAFETERIA BENEFIT PLAN. The City provides a Cafeteria Benefit Plan adopted in accordance with the provisions of Internal Revenue Code § 125 for employees. Affected employees will be eligible to receive cash (subject to taxation as wages) through the cafeteria Benefit plan if they either opt-out of receiving one of the optional benefits provided through the plan or if they choose optional benefits that do not cost as much as the maximum dollar amount they have received through the plan. If two (2) City employees are married, at least one (1) of the two (2) employees must maintain insurance coverage. The amount of money that can be redesignated by the employee waiving coverage is limited to the value of the “employee-only” level within each type of insurance. In the event the City experiences an adverse impact in rates due to utilization of the redesignation option, the City and Association agree to meet and confer over the impact.
