Common use of FLEXIBLE BENEFITS 125 Clause in Contracts

FLEXIBLE BENEFITS 125. 1. The Board will provide a flexible Spending Account (Plan) that complies with Section 125 of the IRS Code and the separate regulations provided by the third party administrator as approved by the Board. The Board will pay the initial cost of establishing the Plan. Each participating employee shall pay the monthly administrative fee through a payroll deduction. Any money returned to the District by the third party administrator shall be used to offset the cost of the administrative fee paid by participating employees.

FLEXIBLE BENEFITS 125. 1. The Board will provide a flexible Spending Account (Plan) that complies with Section 125 of the IRS Code and the separate regulations provided by the third party administrator as approved by the Board. The Board will pay the initial cost of establishing the Plan. Each participating employee shall pay the monthly administrative fee through a payroll deduction. Any money returned to The initial start up date of implementing the District Plan shall be January 1, 2000. Each year thereafter, on a date established by the third party administrator administrator, participating employees shall designate the dollar amount designated to be used allocated to offset available programs within the cost of the administrative fee paid by participating employeesPlan.

FLEXIBLE BENEFITS 125. 1. The Board will provide a flexible Spending Account (Plan) that complies with Section 125 of the IRS Code and the separate regulations provided by the third party administrator as approved by the Board. The Board will pay the initial cost of establishing the Plan. Each participating employee Teacher shall pay the monthly administrative fee through a payroll deduction. Any money returned to the District by the third party administrator shall be used to offset the cost of the administrative fee paid by participating employeesTeachers.