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.
Appears in 8 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement
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 Employees 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.
Appears in 3 contracts
Samples: Collective Bargaining Agreement, Food Services Agreement, Food Services Agreement
DISTRICT FLEX PLAN. The 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 their personal financial, legal, or tax advisor.
Appears in 3 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement
