Flex Spending Accounts. Any paraeducator may participate in the BOARD’s Flex Spending Accounts for the dependent care and health care pursuant to IRC Sections 129 and 125. Unit members’ deposits in excess of expenditures in any calendar year will be retained by the district up to the amount of the administrative costs of the Flexible Spending Accounts. Excess forfeitures will be returned to participants on an average basis without regard to the participant’s experience.
Flex Spending Accounts. Flex spending accounts are available for both medical and family care. The cap for the medical flex spending account is $2,500.00; The family care flex spending accounts will be provided at the maximum level allowable by law.
Flex Spending Accounts. Eligible employees may elect to participate in the Employer’s spending account program by enrolling during the open enrollment period.
ARTICLE IX - LEAVES
Flex Spending Accounts
