County Contribution Toward Flexible Benefits Plan Sample Clauses

County Contribution Toward Flexible Benefits Plan. Insurance premium costs shall be borne by the employee excepting that the County shall make the following contribution per month toward the Flexible Benefits Plan (which includes health insurance). The employee's insurance premium costs will be reduced by the amount the employee elects to distribute to his or her insurance premium costs from the County's contribution toward the Flexible Benefits Plan. The County's contribution toward the Flexible Benefits Plan shall be: Effective January 1, 2015: 5% Increase for employee Only, 7% Increase for Employee +1, 9% Increase for Employee +2 or More Per Month Approximate* Annual Employee Only $502.00 $6,024.00 Employee + 1 $739.00 $8,868.00 Employee +2 or More $1,065.00 $12,780.00 Effective January 1, 2016: 5% increase Per Month Approximate Annual Employee Only $527.00 6,324.00 Employee + 1 $776.00 $9,312.00 Employee + 2 or More $1,118.00 $13,416.00 Effective January 1, 2017: 5% Increase Per Month Approximate Annual Employee Only $553.00 $6,636.00 Employee + 1 $815.00 $9,780.00 Employee +2 or More $1,174.00 $14,088.00 Effective January 1, 2018: 5% Increase Per Month Approximate Annual Employee Only $581.00 $6,972.00 Employee + 1 $856.00 $10,272.00 Employee +2 or More $1,233.00 $14,796.00
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County Contribution Toward Flexible Benefits Plan. Insurance premium costs shall be borne by the employee excepting that the County shall make the following contribution toward the Flexible Benefits Plan (which includes health insurance). The employee's insurance premium costs will be reduced by the amount the employee elects to distribute to their insurance premium costs from the County's contribution toward the Flexible Benefits Plan. The County's contribution toward the Flexible Benefits Plan shall be: Effective January 1, 2024: 5% increase Per Month Approximate Annual Employee Only $791.00 $9,492.00 Employee +1 $1,200.00 $14,400.00 Employee +2 or more $1,752.00 $21,024.00 Effective January 1, 2025: 5% increase Per Month Approximate Annual Employee Only $831.00 $9,972.00 Employee +1 $1,260.00 $15,120.00 Employee +2 or more $1,840.00 $22,080.00 Effective January 1, 2026: 5% increase Per Month Approximate Annual Employee Only $873.00 $10,476.00 Employee +1 $1,323.00 $15,876.00 Employee +2 or more $1,932.00 $23,184.00
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County Contribution Toward Flexible Benefits Plan. Insurance premium costs shall be borne by the employee excepting that the County shall make the following contribution toward the Flexible Benefits Plan (which includes health insurance). The employee's insurance premium costs will be reduced by the amount the employee elects to distribute to his or her insurance premium costs from the County's contribution toward the Flexible Benefits Plan. The County's contribution toward the Flexible Benefits Plan shall be:
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Related to County Contribution Toward Flexible Benefits Plan

  • Flexible Benefits Plan A flexible benefits plan, which is in accordance with Section 125 of the Internal Revenue Code, was implemented for eligible employees covered by this Agreement on October 1, 1990.

  • Flexible Benefits Insurance Program

  • Health Spending Account contributions by the Executive will cease on the Effective Date. The Executive may submit claims against the balance accrued to the Effective Date, until the end of the calendar year in which the Effective Date occurs.

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