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:
Sample 1Sample 2Sample 3
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: Employee Only $260.00 $3,120.00 Employee + 1 $387.00 $4,644.00 Employee + 2 or More $555.00 $6,660.00 Employee Only $286.00 $3,432.00 Employee + 1 $426.00 $5,112.00 Employee + 2 or More $611.00 $7,332.00 Employee Only $315.00 $3,780.00 Employee + 1 $469.00 $5,628.00 Employee + 2 or More $672.00 $8,064.00 Employee Only $347.00 $4,164.00 Employee + 1 $516.00 $6,192.00 Employee + 2 or More $739.00 $8,868.00
Sample 1
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: Employee Only $260.00 $3,120.00 Employee + 1 $387.00 $4,644.00 Employee + 2 or more $555.00 $6,660.00 Employee Only $286.00 $3,432.00 Employee + 1 $426.00 $5,112.00 Employee + 2 or More $611.00 $7,332.00 Employee Only $315.00 $3,780.00 Employee + 1 $469.00 $5,628.00 Employee + 2 or More $672.00 $8,064.00 Employee Only $347.00 $4,164.00 Employee + 1 $516.00 $6,192.00 Employee + 2 or More $739.00 $8,868.00 Per Month Approximate Annual Per Month Approximate Annual *Per MOA extension June 19, 2009 through June 16, 2011. (ctrl + click to follow link) Per Month Approximate Annual **Effective January 1, 2013: 5% Increase Per Month Approximate Annual ** Per extended MOA effective June 17, 2011 through June 27, 2013
Sample 1
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
Sample 1
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: *Effective January 1, 2013: 5% increase Per Month Approximate Annual Effective January 1, 2015: 5% Increase for Employee Only, 7% Increase for Employee +1, 9% Increase for Employee +2 or More Per Approximate
Sample 1
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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 Benefit Plan The District will maintain, at no cost to the employee, a flexible spending benefit plan pursuant to Section 125 of the Internal Revenue Code, with operating procedures determined by the District in accordance with IRS regulations. This plan may be used for favorable income tax treatment of the employee’s health and dental premium contributions, deductibles, co-insurance amounts, other unreimbursed medical expenses, and dependent care assistance.

  • 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.

  • Health Spending Account (HSA Wellness Spending Account (WSA)/Registered Retirement Savings Plan (RRSP) utilization rates;

  • Health Care Savings Plan As provided in this Agreement, eligible ASF Members will participate in the health care savings plan (HCSP) established under Minnesota Statute 352.98, and as administered by the Plan Administrator. The Employer is responsible only for transferring funds, as specified in this agreement, to the Plan Administrator. Subd. 1. All ASF Members who receive severance pay as defined in Section A of this article must participate in the health care savings plan. Subd. 2. All severance pay as defined in Section B of this article shall be transferred to the severed employee's health care savings plan account. At the time of separation, if an ASF Member has an approved exception to participation in the health care savings plan account from the plan administrator, then the ASF Member shall receive this payment in one lump sum payment of cash.

  • Benefit to Citizens of Xxxxxxx County The safety of the citizens of Xxxxxxx County is enhanced through this Agreement, which promotes safe boating conditions and reduces costs associated with patrols of recreational waterways.

  • 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.

  • Health Care Spending Account After six (6) months of permanent employment, full time and part time (20/40 or greater) employees may elect to participate in a Health Care Spending Account (HCSA) Program designed to qualify for tax savings under Section 125 of the Internal Revenue Code, but such savings are not guaranteed. The HCSA Program allows employees to set aside a predetermined amount of money from their pay, not to exceed the maximum amount authorized by federal law, per calendar year, of before tax dollars, for health care expenses not reimbursed by any other health benefit plans. HCSA dollars may be expended on any eligible medical expenses allowed by Internal Revenue Code Section 125. Any unused balance is forfeited and cannot be recovered by the employee.

  • Flexible Spending Account The parties agree that the State shall have the right to use State Employee Health Plan funds to cover the administrative costs of operating the medical and dependent care flexible spending account programs.

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