Flexible Benefit Allowance for Major Sample Clauses

Flexible Benefit Allowance for Major. Medical - Teachers enrolled in the District's health insurance plan shall receive from the state a Flexible Benefit Allowance (FBA) for Major Medical payment of $615.90 per month through December 31, 2020. Any excess FBA over the cost of the major medical coverage purchased by the teacher may be used to purchase additional benefits or may be taken as taxable compensation. No employee shall receive FBA payment less than an annual amount provided for by state law. (G-2) Flexible Benefit Allowance for Major Medical - Teachers enrolled in the District's health insurance plan shall receive from the state a Flexible Benefit Allowance (FBA) for Major Medical payment of $615.90 per month effective January 1, 2021. Any excess FBA over the cost of the major medical coverage purchased by the teacher may be used to purchase additional benefits or may be taken as taxable compensation. No employee shall receive FBA payment less than an annual amount provided for by state law.
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Flexible Benefit Allowance for Major. Medical - Teachers enrolled in the District's health insurance plan shall receive from the state a Flexible Benefit Allowance (FBA) for Major Medical payment of $571.04 per month through December 31, 2017. Any excess FBA over the cost of the major medical coverage purchased by the teacher may be used to purchase additional benefits or may be taken as taxable
Sample 1
Flexible Benefit Allowance for Major. Medical - Teachers enrolled in the District's Health Insurance Plan shall receive from the state a Flexible Benefit Allowance (FBA) for Major Medical payment of $594.90 per month through December 31, 2019. Any excess FBA over the cost of the major medical coverage may be used to purchase additional benefits or may be taken as taxable compensation. No employee shall receive FBA payment less than provided for by state law. (H-2) Flexible Benefit Allowance for Major Medical - Teachers enrolled in the District's Health Insurance Plan shall receive from the state a Flexible Benefit Allowance (FBA) for Major Medical payment of $615.90 per month beginning January 1, 2020. National Board Certified teachers will receive an additional $1000 on the base salary. 0 39,400.50 60.15 25.08 2,907.37 42,393.09 69.71 594.90 615.90 1 39,814.49 103.41 25.08 2,895.27 42,838.25 69.71 594.90 615.90 2 40,228.48 145.65 25.08 2,884.19 43,283.40 69.71 594.90 615.90 3 40,643.43 188.15 25.08 2,872.92 43,729.58 69.71 594.90 615.90 4 41,057.42 233.33 25.08 2,858.90 44,174.73 69.71 594.90 615.90 5 41,507.66 278.76 25.08 2,847.36 44,658.86 69.71 594.90 615.90 6 41,950.27 325.26 25.08 2,834.18 45,134.79 69.71 594.90 615.90 7 42,391.93 372.82 25.08 2,819.86 45,609.69 69.71 594.90 615.90 8 42,833.58 421.44 25.08 2,804.48 46,084.59 69.71 594.90 615.90 9 43,276.20 471.12 25.08 2,788.12 46,560.51 69.71 594.90 615.90 10 45,661.90 521.87 25.08 2,916.94 49,125.79 69.71 594.90 615.90 11 46,132.17 573.67 25.08 2,900.53 49,631.46 69.71 594.90 615.90 12 46,602.45 626.54 25.08 2,883.06 50,137.13 69.71 594.90 615.90 13 47,072.72 680.48 25.08 2,864.52 50,642.80 69.71 594.90 615.90 14 47,542.04 735.47 25.08 2,844.85 51,147.44 69.71 594.90 615.90 15 48,032.35 791.53 25.08 2,825.70 51,674.65 69.71 594.90 615.90 16 48,502.62 848.65 25.08 2,803.97 52,180.32 69.71 594.90 615.90 17 48,972.89 906.83 25.08 2,781.19 52,685.99 69.71 594.90 615.90 18 49,443.17 966.07 25.08 2,757.35 53,191.66 69.71 594.90 615.90 19 49,913.44 1,026.38 25.08 2,732.43 53,697.33 69.71 594.90 615.90 20 50,404.70 1,087.75 25.08 2,708.04 54,225.57 69.71 594.90 615.90 21 50,874.97 1,150.18 25.08 2,681.01 54,731.24 69.71 594.90 615.90 22 51,345.24 1,213.68 25.08 2,652.90 55,236.91 69.71 594.90 615.90 23 51,816.47 1,278.23 25.08 2,623.82 55,743.60 69.71 594.90 615.90 24 52,286.74 1,343.85 25.08 2,593.60 56,249.27 69.71 594.90 615.90 25 53,722.36 1,410.53 25.08 2,634.98 57,792.95 69.71 594.90 615.90 26 54,127.77 1,410.53 25.08 2,525.50 58,228.87...
Sample 1

Related to Flexible Benefit Allowance for Major

  • 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.

  • Special Parental Allowance for Totally Disabled Employees (a) An employee who: (i) fails to satisfy the eligibility requirement specified in subparagraph 17.05(a)(ii) solely because a concurrent entitlement to benefits under the Disability Insurance (DI) Plan, the Long-term Disability (LTD) Insurance portion of the Public Service Management Insurance Plan (PSMIP) or via the Government Employees Compensation Act prevents the employee from receiving Employment Insurance or Québec Parental Insurance Plan benefits, and (ii) has satisfied all of the other eligibility criteria specified in paragraph 17.05(a), other than those specified in sections (A) and (B) of subparagraph 17.05(a)(iii), shall be paid, in respect of each week of benefits under the parental allowance not received for the reason described in subparagraph (i), the difference between ninety-three per cent (93%) of the employee's rate of pay and the gross amount of his or her weekly disability benefit under the DI Plan, the LTD Plan or via the Government Employees Compensation Act. (b) An employee shall be paid an allowance under this clause and under clause 17.05 for a combined period of no more than the number of weeks during which the employee would have been eligible for parental, paternity or adoption benefits under the Employment Insurance or Québec Parental Insurance Plan, had the employee not been disqualified from Employment Insurance or Québec Parental Insurance Plan benefits for the reasons described in subparagraph (a)(i).

  • Compensation/Benefit Programs During the Term of Employment, the Executive shall be entitled to participate in all medical, dental, hospitalization, accidental death and dismemberment, disability, travel and life insurance plans, and any and all other plans as are presently and hereinafter offered by the Company to its executive personnel, including savings, pension, profit-sharing and deferred compensation plans, subject to the general eligibility and participation provisions set forth in such plans.

  • Car Allowance The Company shall provide the Executive an automobile allowance of $750 per month during the term of Executive’s employment hereunder.

  • Special Maternity Allowance for Totally Disabled Employees (a) An employee who: (i) fails to satisfy the eligibility requirement specified in subparagraph 17.02(a)(ii) solely because a concurrent entitlement to benefits under the Disability Insurance (DI) Plan, the Long term Disability (LTD) Insurance portion of the Public Service Management Insurance Plan (PSMIP) or the Government Employees Compensation Act prevents her from receiving Employment Insurance or Québec Parental Insurance Plan maternity benefits, and (ii) has satisfied all of the other eligibility criteria specified in paragraph 17.02(a), other than those specified in sections (A) and (B) of subparagraph 17.02(a)(iii), shall be paid, in respect of each week of maternity allowance not received for the reason described in subparagraph (i), the difference between ninety-three per cent (93%) of her weekly rate of pay and the gross amount of her weekly disability benefit under the DI Plan, the LTD Plan or via the Government Employees Compensation Act. (b) An employee shall be paid an allowance under this clause and under clause 17.02 for a combined period of no more than the number of weeks during which she would have been eligible for maternity benefits under the Employment Insurance or Québec Parental Insurance Plan had she not been disqualified from Employment Insurance or Québec Parental Insurance maternity benefits for the reasons described in subparagraph (a)(i).

  • Flexible Benefits Insurance Program

  • 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.

  • Fringe Benefit The benefits provided by this Agreement are granted by the Employer as a fringe benefit to the Executive and are not a part of any salary reduction plan or any arrangement deferring a bonus or a salary increase. The Executive has no option to take any current payments or bonus in lieu of the benefits provided by this Agreement.

  • Flexible Spending Accounts Employees in the unit shall have access to the County’s flexible spending account program, which provides employees with the options of dependent care assistance benefits with a calendar year maximum of $5,000, and medical expense reimbursement benefits with a calendar year maximum of $2,400. The County shall maintain this plan in compliance with IRC §125. Employee premiums for flexible spending account benefits shall be deducted on a pre-tax basis from employee pay.

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