CAFETERIA PLAN CONTRIBUTION Sample Clauses

CAFETERIA PLAN CONTRIBUTION. 12.1. For each eligible Employee who has been Continuously Employed by the Employer for sufficient time as to be eligible for the Employer’s hospital-medical benefit plan, the Employer shall make the amounts listed below available to the Employee for contribution to the Employer’s Internal Revenue Code Section 125 cafeteria plan program. a. $304 per month for each eligible regular Employee either declining single- hospital medical benefit plan coverage (must provide proof of other coverage which meets the Affordable Care Act’s minimum essential coverage requirements) or electing single hospital- medical benefit plan coverage; or b. $229 per month for each eligible regular Employee electing family hospital-medical benefit plan coverage.
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CAFETERIA PLAN CONTRIBUTION. A. Employees will receive a monthly contribution to the cafeteria plan for the purchase of health and welfare benefits and/or optional cash-out. The cafeteria plan contribution will be $1,560.00 per month. Effective January 1, 2013, the cafeteria plan amount will be increased by $116.00 per month, to $1676.00 per month. In the first year of this increase, the 2013 plan year, such equivalent increase shall be allocated over the remaining pay periods in the cafeteria plan year following ratification of this Agreement. The City shall not be obligated to conduct an additional open enrollment related to this increase to the cafeteria plan amount. Effective January 1, 2018, the cafeteria plan contribution will be increased by $25 per month, to $1,701 per month. B. Information about the benefits available and their cost will be distributed to all employees at the beginning of each benefit year (i.e. calendar year). C. The City retains full and complete control over the selection, approval and administration of the City's group insurance program. D. The benefits will be subject to the following rules: 1. Benefit selections must be made prior to the beginning of each benefit year. Employee changes in benefit plan selections, such as adding or deleting coverage and/or dependents, may only be made in accordance with Section 125 of the Internal Revenue Code and City policy. 2. All benefits selected from the cafeteria plan must be paid for in full from the maximum benefit provided except when the maximum is insufficient to cover all insurance coverage selected. In such cases, the premium amount not funded by the City-provided benefit will be paid through an employee deduction applied against the medical premiums. 3. No unexpended dollar amounts associated with selected benefits may be disbursed to a terminating employee. 4. All benefit selections are subject to State and Federal rules, regulations, and laws regarding employee benefits and tax status. No guarantee is made regarding the tax-exempt status of any and all benefits presented or selected. 5. Employees will be eligible for benefits coverage and the monthly cafeteria plan contribution, on the first day of the month following their hire date.
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CAFETERIA PLAN CONTRIBUTION. 17.1 For each eligible Employee who has been Continuously Employed by the Employer for sufficient time as to be eligible for the Employer’s medical benefit plan, the Employer shall make the amounts listed below available to the Employee for contribution to the Employer’s Internal Revenue Code Section 125 cafeteria plan program. (a) The Employer shall make the amounts listed below available for contribution to the Section 457(b) deferred compensation program. 1. $304 per month for each eligible regular Employee either declining single- hospital medical benefit plan coverage (must provide proof of other coverage which meets the Affordable Care Act’s minimum essential coverage requirements) or electing single hospital-medical benefit plan coverage; or 2. $229 per month for each eligible regular Employee with claimed dependents on the hospital-medical benefit plan. (b) Amounts contributed for regular part-time employees shall be prorated based on hours worked.
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CAFETERIA PLAN CONTRIBUTION. For each eligible Employee who has been Continuously Employed by the Employer for sufficient time as to be eligible for the Employer’s hospital-medical benefit plan, the Employer shall make the amounts listed below available to the Employee for contribution to the Employer’s Internal Revenue Code Section 125 cafeteria plan program.
Sample 1Sample 2
CAFETERIA PLAN CONTRIBUTION. 13.1. For each eligible Employee who has been Continuously Employed by the Employer for sufficient time as to be eligible for the Employer's hospital-medical benefit Plan, the Employer shall make the amounts listed below available to the Employee for contribution to the Employer's Internal Revenue Code Section 125 cafeteria plan program: a. $320 per month for each eligible regular Employee either declining single-hospital medical benefit Plan coverage (must provide proof of other coverage which meets the Affordable Care Act's minimum, coverage requirements) or electing single hospital-medical benefit Plan coverage. b. $245 per month for each eligible regular Employee electing family hospital-medical benefit Plan coverage. c. Amounts contributed for regular part-time Employees shall be prorated based on hours worked.
Sample 1
CAFETERIA PLAN CONTRIBUTION. 22.1. For each eligible Employee who has been continuously employed by the Employer for sufficient time as to be eligible for the Employer's medical benefit plan, the Employer will facilitate contributions to a Section 457(b) deferred compensation program. Such contributions shall be made (1) in accordance with Internal Revenue Code Section 457(b), including the associated regulations and regulatory guidance, and (2) in accordance with Minnesota law. 1. The Employer shall make the amounts listed below available for contribution to the Section 457(b) deferred compensation program. a. $304 per month for each eligible regular Employee without claimed dependents on the hospital-medical benefit plan or b. $229 per month for each eligible regular Employee with claimed dependents on the hospital-medical benefit plan 2. Amounts contributed for regular part-time employees shall be prorated based on hours worked. The deferred compensation program shall be administered as set forth in the 2010 collective bargaining agreement until December 31, 2011; commencing January 1, 2012, the program shall be administered as set forth above. Section 22.1 shall become null and void upon ratification of this Agreement by both parties. Effective upon ratification of this Agreement by both parties, for each eligible Employee who has been Continuously Employed by the Employer for sufficient time as to be eligible for the Employer's hospital-medical benefit plan, the Employer shall make the amounts listed below available to the Employee for contribution to the Employer's Internal Revenue Code Section 125 cafeteria plan program. a. $304 per month for each eligible regular Employee either declining both single-hospital and family medical benefit plan coverage (must provide proof of other coverage which meets the Affordable Care Act's minimum essential coverage requirements) or electing single hospital-medical benefit plan coverage ; or b. $229 per month for each eligible regular Employee electing family hospital-medical benefit plan coverage.
Sample 1
CAFETERIA PLAN CONTRIBUTION. A. Employees will receive a monthly contribution to the cafeteria plan for the purchase of health and welfare benefits and/or optional cash-out. The cafeteria plan contribution will be $1,746.00 per month. B. Information about the benefits available and their cost will be distributed to all employees at the beginning of each benefit year (i.e. calendar year). C. The City retains full and complete control over the selection, approval and administration of the City's group insurance program. D. The benefits will be subject to the following rules: 1) Benefit selections must be made prior to the beginning of each benefit year. Employee changes in benefit plan selections, such as adding or deleting coverage and/or dependents, may only be made in accordance with Section 125 of the Internal Revenue Code and City policy. 2) All benefits selected from the cafeteria plan must be paid for in full from the maximum benefit provided except when the maximum is insufficient to cover all insurance coverage selected. In such cases, the premium amount not funded by the City-provided benefit will be paid through an employee deduction applied against the medical premiums. 3) No unexpended dollar amounts associated with selected benefits may be disbursed to a terminating employee. 4) All benefit selections are subject to State and Federal rules, regulations, and laws regarding employee benefits and tax status. No guarantee is made regarding the tax-exempt status of any and all benefits presented or selected. 5) Employees will be eligible for benefits coverage and the monthly cafeteria plan contribution, on the first day of the month following their hire date.
Sample 1
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CAFETERIA PLAN CONTRIBUTION. The City shall contribute $1,700.00 monthly for group medical, dental, vision insurance and deferred compensation program. Any additional contribution necessary to maintain group medical, dental, and vision insurance or deferred compensation shall be borne solely by the employee. The City will increase its contribution to the cafeteria spending in accordance with the percentage increase in cafeteria costs. The City will increase its contribution to the cafeteria plan by 2.5% effective July 4, 2021, or the first pay period after ratification and adoption of this agreement by the City Council, whichever date is later, and will subsequently increase the benefit in relation to direct cost increase of the weighted average % (sum of City employees per plan times percent increase divided by the sum of City employees) rounded up to the nearest one tenth of a percent (0.01%) each January 1 for the remaining term of the agreement.
Sample 1

Related to CAFETERIA PLAN CONTRIBUTION

  • 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.

  • Employee Contribution Eligible employees shall contribute one percent (1%) of their salary on a per pay period basis to the HCSP.

  • Employee Contributions Any member of the bargaining unit who is hired on or after September 1, 2010 is eligible to make a voluntary contribution to the City=s Deferred Compensation Plan offered by Ameritas.

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