Full Flex Cafeteria Plan. Effective January 1, 2010, the City implemented a Full Flex Cafeteria plan for active employees, in accordance with IRS Code Section 125. Active employees participating in the City’s full flex cafeteria plan shall receive a monthly flex dollar allowance to purchase benefits under the plan. The monthly flex dollar allowance effective the paycheck of December 15, 2017 shall be: For employee only: $ 835.94 For employee and one dependent: $1,623.22 For employee and two or more dependents: $1,761.19 The “employee only” and “employee and one dependent” allowance will be frozen at $835.94 and $1,623.22, respectively. These amounts are ineligible for the following flex dollar increases until these amounts are less than 100% of the Kaiser premium. Flex dollar allowances shall increase on the December 15th paycheck of each subsequent year up to a maximum of three percent (3%) on an annual basis, based on but not to exceed the Kaiser Bay Area premium rate increase for the upcoming calendar year. The City shall contribute to the cost of medical coverage for each eligible employee and his/her dependents, an amount not to exceed the California Public Employees’ Medical and Hospital Care Act (PEMHCA) contribution, as determined by CalPERS on an annual basis. This portion of the monthly flex dollar allowance is identified as the City’s contribution towards PEMHCA. The balance of the monthly flex dollar allowance (after the PEMHCA minimum contribution) may be used in accordance with the terms of the cafeteria plan to purchase health benefits, or may be converted to taxable income.
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Full Flex Cafeteria Plan. Effective January 1, 2010, the City implemented a Full Flex Cafeteria plan for active employees, in accordance with IRS Code Section 125. Active employees participating in the City’s full flex cafeteria plan shall receive a monthly flex dollar allowance to purchase benefits under the plan. The monthly flex dollar allowance effective the paycheck of December 15, 2017 2020 shall be: For employee only: $ 835.94 For employee and one dependent: $1,623.22 1,671.91 For employee and two or more dependents: $1,761.19 1,814.57 The “employee only” and “employee and one dependent” allowance will be frozen at $835.94 and $1,623.22, respectively835.94. These amounts are This amount is ineligible for the following flex dollar increases increase until these amounts are this amount is less than 100% of the Kaiser premium. Flex dollar allowances shall increase on the December 15th paycheck of each subsequent year up to a maximum of three percent (3%) on an annual basis, based on but not to exceed the Kaiser Bay Area premium rate increase for the upcoming calendar year. The City shall contribute to the cost of medical coverage for each eligible employee and his/her dependents, an amount not to exceed the California Public Employees’ Medical and Hospital Care Act (PEMHCA) contribution, as determined by CalPERS on an annual basis. This portion of the monthly flex dollar allowance is identified as the City’s contribution towards PEMHCA. The balance of the monthly flex dollar allowance (after the PEMHCA minimum contribution) may be used in accordance with the terms of the cafeteria plan to purchase health benefits, benefits or may be converted to taxable income.
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Full Flex Cafeteria Plan. Effective January 1, 2010, 2010 the City implemented a Full Flex Cafeteria full flex cafeteria plan for active employees, employees in accordance with IRS Code Section 125. Active employees participating in the City’s full flex cafeteria plan shall receive a monthly flex dollar allowance to purchase benefits under the Full Flex Cafeteria plan. The monthly flex dollar allowance effective the first paycheck of December 15, 2017 2020 shall be: For employee only: $ 835.94 755.62 For employee and one dependent: $1,623.22 $ 1,208.99 For employee and two or more dependents: $1,761.19 The “employee only” and “employee and one dependent” allowance will be frozen at $835.94 and $1,623.22, respectively. These amounts are ineligible for the following flex dollar increases until these amounts are less than 100% of the Kaiser premium. $ 1,571.70 Flex dollar allowances shall increase on the December 15th paycheck of each subsequent year up to a maximum of three percent (3%) on an annual basis, based on but not to exceed the Kaiser Bay Area Region premium rate increase for the upcoming calendar year. The City shall contribute to the cost of medical coverage for each eligible employee and his/her dependents, an amount not to exceed the California Public Employees’ Medical and Hospital Care Act (PEMHCA) Minimum Employer contribution, as determined by CalPERS on an annual basis. This portion of the monthly flex dollar allowance is identified as the City’s contribution towards PEMHCA. The balance of the monthly flex dollar allowance (after including the PEMHCA minimum contribution) may be used in accordance with the terms of the cafeteria plan to purchase health benefits, benefits or may be converted to taxable income.. Conditional Opt-out Payment: An employee may elect to waive the City’s health insurance coverage and receive an Opt-out payment in accordance with the terms of the cafeteria plan, and the Affordable Care Act, if the employee complies with the following conditions:
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Samples: storage.googleapis.com
Full Flex Cafeteria Plan. Effective January 1, 2010, 2010 the City implemented a Full Flex Cafeteria full flex cafeteria plan for active employees, employees in accordance with IRS Code Section 125. Active employees participating in the City’s full flex cafeteria plan shall receive a monthly flex dollar allowance to purchase benefits under the Full Flex Cafeteria plan. The monthly flex dollar allowance effective the first paycheck of December 15, 2017 shall be: For employee only: $ 835.94 733.39 For employee and one dependent: $1,623.22 $ 1,173.42 For employee and two or more dependents: $1,761.19 The “employee only” and “employee and one dependent” allowance will be frozen at $835.94 and $1,623.22, respectively. These amounts are ineligible for the following flex dollar increases until these amounts are less than 100% of the Kaiser premium. $ 1,525.45 Flex dollar allowances shall increase on the December 15th paycheck of each subsequent year up to a maximum of three percent (3%) on an annual basis, based on but not to exceed the Kaiser Bay Area Region premium rate increase for the upcoming calendar year. The City shall contribute to the cost of medical coverage for each eligible employee and his/her dependents, an amount not to exceed the California Public Employees’ Medical and Hospital Care Act (PEMHCA) Minimum Employer contribution, as determined by CalPERS on an annual basis. This portion of the monthly flex dollar allowance is identified as the City’s contribution towards PEMHCA. The balance of the monthly flex dollar allowance (after including the PEMHCA minimum contribution) may be used in accordance with the terms of the cafeteria plan to purchase health benefits, benefits or may be converted to taxable income.. Conditional Opt-out Payment: An employee may elect to waive the City’s health insurance coverage and receive an Opt-out payment in accordance with the terms of the cafeteria plan, and the Affordable Care Act, if the employee complies with the following conditions:
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Samples: storage.googleapis.com