County Contribution Towards Flexible Benefits Plan Sample Clauses

County Contribution Towards Flexible Benefits Plan. Insurance premium costs shall be borne by the employee excepting that the County shall make the following contribution towards 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 towards the Flexible Benefits Plan. The County's contribution towards the Flexible Benefits Plan shall be: Per Approximate* Month Annual Employee Only up to $164.00 $1,968.00* Employee + 1 $230.00 $2,760.00* Employee + 2 or More $291.00 $3,492.00* * Based on 12 Months of Employment Effective October 1, 2001: Per Approximate* Month Annual Employee Only up to $174.00 $2,088.00* Employee + 1 $240.00 $2,880.00* Employee + 2 or More $301.00 $3,612.00* * Based on 12 Months of Employment Effective October 1, 2002: Per Approximate* Month Annual Employee Only up to $184.00 $2,208.00* Employee + 1 $250.00 $3,000.00* Employee + 2 or More $311.00 $3,732.00* * Based on 12 Months of Employment Effective October 1, 2003: Per Approximate* Month Annual Employee Only up to $196.00 $2,352.00* Employee + 1 $276.00 $3,312.00* Employee + 2 or More $362.00 $4,344.00* * Based on 12 Months of Employment Effective October 1, 2004: Per Approximate* Month Annual Employee Only up to $208.00 $2,496.00* Employee + 1 $302.00 $3,624.00* Employee + 2 or More $414.00 $4,968.00* * Based on 12 Months of Employment Effective October 1, 2005: Per Approximate* Month Annual Employee Only up to $220.00 $2,640.00* Employee + 1 $328.00 $3,936.00* Employee + 2 or More $466.00 $5,592.00* * Based on 12 Months of Employment Effective October 1, 2006: Per Approximate* Month Annual Employee Only up to $232.00 $2,784.00* Employee + 1 $354.00 $4,248.00* Employee + 2 or More $518.00 $6,216.00* * Based on 12 Months of Employment
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County Contribution Towards Flexible Benefits Plan. Insurance premium costs shall be borne by the employee excepting that the County shall make the following contribution towards 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 towards the Flexible Benefits Plan. The County's contribution towards 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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Related to County Contribution Towards 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.

  • 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.

  • Flexible Benefits Insurance Program

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

  • Extended Health Benefit Plan (a) All regular and probationary employees after three (3) months employment will be covered by a one hundred percent (100%) Extended Health Benefit Plan with the standard $100.00 deductible. The City will pay eighty percent (80%) of the costs and the twenty percent (20%) deduction for employees shall be made through payroll deductions. The extended health lifetime maximum will be $1,000,000.

  • Cafeteria Plan As of the Benefit Commencement Date, New Parkway or any of its Subsidiaries shall establish a cafeteria plan qualifying under Section 125 of the Code (the “New Parkway Cafeteria Plan”) and 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. As soon as practicable following the Benefit Commencement Date, the Cousins Group shall determine the aggregate accumulated contributions to the flexible spending reimbursement accounts under Cousin’s cafeteria plan or Legacy Parkway’s cafeteria plan, as applicable, in which such Transferring Employees participated (the “Cousins Cafeteria Plans”) made during the year in which the Distribution Date occurs by the Transferring Employees less the aggregate reimbursement payouts made for such year up to the day immediately prior to the Benefit Commencement Date from such accounts to such Transferring Employees (the “Net FSA Balance”). If the Net FSA Balance is (a) positive, the Cousins Group shall pay to the New Parkway Group an amount in cash equal to the Net FSA Balance or (b) negative, the New Parkway Group shall pay to the Cousins Group, the absolute value of the Net FSA Balance attributable to Transferring Parkway Employees. New Parkway or its applicable Subsidiary shall cause the balance (whether positive or negative) of each Transferring Employee’s accounts under the Cousins Cafeteria Plans as of the Benefit Commencement Date to be credited to the Transferring Employee’s corresponding accounts under the New Parkway Cafeteria Plan in which such Transferring Employee participates following the Benefit Commencement Date. On and after the Benefit Commencement Date, New Parkway shall assume and be solely responsible for all claims for reimbursement by the Transferring Employees with respect to the plan year that includes the Distribution Date, whether incurred prior to, on or after the Distribution Date, that have not been paid in full as of the Benefit Commencement Date, which claims shall be paid pursuant to and under the terms of the New Parkway Cafeteria Plan. New Parkway agrees to cause the New Parkway Cafeteria Plan to honor, through the end of the calendar year in which the Distribution Date occurs, the elections made by each Transferring Employee under the Cousins Cafeteria Plans in respect of the flexible spending reimbursement accounts that are in effect immediately prior to the Benefit Commencement Date.

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