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. 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. During the annual Open Enrollment for each new plan year, or within the first 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 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 and/or Dependent Care Flexible Spending Accounts. Unallocated and/or unused funds are subject to subsection 11.G.4. (Unallocated and/or Unused Funds).

Appears in 4 contracts

Samples: Sideletter of Agreement, www.acgov.org, www.acgov.org

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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. 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 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 Dependent Care Adoption Assistance Flexible Spending Accounts. Unallocated and/or unused funds are subject to subsection 11.G.414.G.4. (Unallocated and/or Unused Funds).

Appears in 1 contract

Samples: www.acgov.org

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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. 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 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 Dependent Care Adoption Assistance Flexible Spending Accounts. Unallocated and/or unused funds are subject to subsection 11.G.414.G.4. (Unallocated and/or Unused Funds).

Appears in 1 contract

Samples: www.acgov.org

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