Common use of FRINGE BENEFITS PLAN Clause in Contracts

FRINGE BENEFITS PLAN. 1. The Board of Education will provide district health insurance premium benefits for each eligible licensed staff member. If requested, representatives of XXX will meet with the administration each year to exchange information about concerns and needs of health insurance package for the following year. The amount of the benefit will be based upon the level of coverage that each individual employee enrolls in, and is paying the employee share of through payroll deduction. The amount of the employee expense shall not exceed: Employee Only $40.00 Employee/Spouse $380.00 Employee/Child(ren) $310.00 Family $450.00 2. All lab, class, and textbook fees will be waived for every child in the employee’s family. 3. The Board of Education shall establish a fringe benefit program to comply with Section 125 of the Internal Revenue Code. 4. Each licensed employee will execute a salary redirection agreement, consistent with current district procedures. Contributions under a salary reduction agreement shall be designated by the employee for the purchase of benefits from district-approved plans including but not limited to: a. Group Term Life, Accidental Death and Dismemberment Insurance b. Health/Hospital/Dental Insurance c. Critical Illness d. Cancer Insurance e. Dependent Care Reimbursement f. Medical Reimbursement Flexible Spending g. Vision Care Insurance

FRINGE BENEFITS PLAN. 1. The Board of Education will provide district health insurance premium benefits for each eligible licensed staff member. If requested, representatives of XXX LEA will meet with the administration each year to exchange information about concerns and needs of health insurance package for the following year. The amount of the benefit will be based upon the level of coverage that each individual employee enrolls in, and is paying the employee share of through payroll deduction. The amount of the employee expense shall not exceed: Employee Only $40.00 Employee/Spouse $380.00 Employee/Child(ren) $310.00 Family $450.00 2. All lab, class, and textbook fees will be waived for every child in the employee’s family. 3. The Board of Education shall establish a fringe benefit program to comply with Section 125 of the Internal Revenue Code. 4. Each licensed employee will execute a salary redirection agreement, consistent with current district procedures. Contributions under a salary reduction agreement shall be designated by the employee for the purchase of benefits from district-approved plans including but not limited to: a. Group Term Life, Accidental Death and Dismemberment Insurance b. Health/Hospital/Dental Insurance c. Critical Illness d. Cancer Insurance e. Dependent Care Reimbursement f. Medical Reimbursement Flexible Spending g. Vision Care Insurance