DISTRICT FLEX PLAN. The District agrees to continue its bilaterally agreed upon January 1, 1989, implementation of Internal Revenue Code Section 125 for its tenured/tenure-track faculty. This code allows employers to structure benefit plans to provide options to its faculty. Faculty in qualified plans are allowed to earmark pre-tax dollars toward specific uses for health and dependent care. The District shall continue to offer faculty participation in its Flex Plan for health care premiums, health care expenses, and dependent care expenses. Amounts included in the Flex Plan will not be subject to federal, state, or social security taxes. It is understood that the District has made no representation regarding tax or other consequences of the Flex Plan with regard to any particular faculty member or group of faculty and that any questions by any faculty should be directed to his or her personal financial, legal, or tax advisor. Adjunct faculty may participate in the Flex Plan for medical premiums payments only.
DISTRICT FLEX PLAN. District agrees to implement Internal Revenue Code Section 125, which allows employers to structure benefit plans to provide options to its employees. Unit members in qualified plans are allowed to earmark pre-tax dollars toward specific uses for health and dependent care. The District offers unit members participation in its Flex Plan for health care premiums, health care expenses, and dependent care expenses. Amounts included in the Flex Plan would not be subject to federal, state or social security taxes. It is understood that the District has made no representation regarding tax or other consequences of the Flex Plan with regard to any particular unit member or group of unit members and that any questions by any unit member should be directed to his or her personal financial, legal, or tax advisor.
DISTRICT FLEX PLAN. District agrees to implement Internal Revenue Code Section 125, which allows employers to structure benefit plans to provide options to its employees. Employees in qualified plans are allowed to earmark pre-tax dollars toward specific uses for health and dependent care. District offers employees participation in its Flex Plan for health care premiums, health care expenses, and dependent care expenses. Amounts included in the Flex Plan will not be subject to federal, state or social security taxes. It is understood that the District has made no representation regarding tax or other consequences of the Flex Plan with regard to any particular employee or group of employees and that any questions by any employee should be directed to his or her personal financial, legal, or tax advisor. The District has incorporated into new facilities planning, space for employees as exercise areas. Prior to any decision being made to repurpose this space, the District shall meet and confer with the SDCCPOA and shall consider alternatives to the decision.
DISTRICT FLEX PLAN. District agrees to implement January 1, 1989, Internal Revenue Code Section 125 for its monthly employees. This code allows employers to structure benefit plans to provide options to its employees. Employees in qualified plans are allowed to earmark pre-tax dollars toward specific uses for health and dependent care. District offers employees participation in its Flex Plan for health care premiums, health care expenses, and dependent care expenses. Amounts included in the Flex Plan would not be subject to federal, state or social security taxes. Adjunct faculty may participate in Flex Plan premiums only.
