Common use of CAFETERIA BENEFIT PLAN Clause in Contracts

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).

Appears in 2 contracts

Samples: Memorandum of Understanding, Memorandum of Understanding

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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. 14.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) 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, Care and/or Adoption Assistance FSAsFSA’s. Unallocated and/or unused funds are subject to subsection 6.G.414.G.4. (Unallocated and/or Unused Funds).

Appears in 1 contract

Samples: Memorandum of Understanding

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 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. 14.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) 30 days of employment of becoming eligible, the County Allowance will be allocated towards the eligible plans as follows, if elected: • Medical • Vision • Supplemental Employee Group Life Insurance • Group 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 remaining County Allowance funds and/or pre-tax salary contributions towards eligible Health Care, Dependent Care, and/or Adoption Assistance FSAsFlexible Spending Accounts. Unallocated and/or unused funds are subject to subsection 6.G.414.G.4. (Unallocated and/or Unused Funds).

Appears in 1 contract

Samples: Memorandum of Understanding

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. 14.F. (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 FSAsFlexible Spending Accounts. Unallocated and/or unused funds are subject to subsection 6.G.414.F.4. (Unallocated and/or Unused Funds).

Appears in 1 contract

Samples: Memorandum of Understanding

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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. 8.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 employment of becoming eligible, the County Allowance will be allocated towards the eligible plans as follows, if elected: • Medical • Vision • Supplemental Employee Group Life Insurance • Group 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 remaining County Allowance funds and/or pre-tax salary contributions towards eligible Health Care, Dependent Care, and/or Adoption Assistance FSAsFlexible Spending Accounts. Unallocated and/or unused funds are subject to subsection 6.G.48.G.4. (Unallocated and/or Unused Funds).

Appears in 1 contract

Samples: Memorandum of Understanding

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 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. 14.G. (County Allowance) below) in order to offset the cost related to such eligible benefits. benefits.‌ During the annual Open Enrollment for each new plan year, or within the first thirty (30) 30 days of employment of becoming eligible, the County Allowance will be allocated towards the eligible plans as follows, if elected: • Medical • Vision • Supplemental Employee Group Life Insurance • Group 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 remaining County Allowance funds and/or pre-tax salary contributions towards eligible Health Care, Dependent Care, and/or Adoption Assistance FSAsFlexible Spending Accounts. Unallocated and/or unused funds are subject to subsection 6.G.414.G.4. (Unallocated and/or Unused Funds).

Appears in 1 contract

Samples: Memorandum of Understanding

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