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.
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.
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.
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.
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.
CAFETERIA PLAN CONTRIBUTION. 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 $1,676.00 per month. Effective June 1, 2014 this amount will increase to $1,711.00 per month. This increase will not be considered a qualifying event allowing benefit changes to selections made during the most recent open enrollment period. Effective January 1, 2016, this amount will be increased to $1,746.00 per month. 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). The City retains full and complete control over the selection, approval and administration of the City's group insurance program. The benefits will be subject to the following rules: 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. 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. No unexpended dollar amounts associated with selected benefits may be disbursed to a terminating employee. 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. Employees will be eligible for benefits coverage and the monthly cafeteria plan contribution, on the first day of the month following their hire date.
