Health Benefit Spending Account Sample Clauses

Health Benefit Spending Account. Permanent Full-time and Part-time Employees shall be eligible for a Health Benefit Spending Account if they are recalled by or on the first day of school. a. Effective September 1, 2016 a two hundred dollar ($200) amount shall be deposited in the eligible Employee's account. b. Effective September 1, 2017 and on September 1 of each subsequent calendar year, a three hundred dollar ($300) amount shall be deposited in the eligible Employee’s account This Health Benefit Spending Account shall be provided to Part-time Employees on a pro-rata basis, based on their regularly scheduled hours on the first day of school. The Health Benefit Spending Account shall be implemented and administered in accordance with the Income Tax Act and applicable regulations in effect at the time of implementation and during the course of operation of the Health Benefit Spending Account.
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Health Benefit Spending Account. 40.01 Effective July 1, 2017, the College agrees to contribute to the Health Spending Account seven hundred and fifty dollars ($750) per Government of Alberta (“new premium”) that creates a cost for health care to Union Members, then the language and intent of Article 39.01(a) will apply. If the amount of the new premium is less than the Health Spending Account payment provided for in this clause, then the Heath Spending Account payment to the College shall continue, but with the payment lowered to the difference between the new premium and the Health Spending Account payment. If the amount of the new premium equals or exceeds the amount of the College’s Health Spending Account payment, no Health Spending Account payment will be required by the College.
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Health Benefit Spending Account. With respect to Article 36.01 (a) of the Support Staff Association Collective Agreement, it is hereby agreed between the parties that the College’s Share of the Alberta Health Care premiums for SSA members shall be invested in a Health Spending Account. The College’s share of the Alberta Health Care premiums shall be calculated as the total premiums paid on behalf of eligible SSA members (the College’s 75% premiums share) for the calendar year 2008. As the College’s share of the Alberta Health Care premiums accrues over time, the initial deposit in the Health Spending Account of $250.00 per benefit eligible SSA member, will be made effective July 1, 2009. A decision regarding additional deposits will be made by the President of Red Deer College no later than December 1, 2009. Should Alberta Health Care premiums or any other form of premium, program or tax be introduced by the Government of Alberta [(“new premium”)] that creates a cost for health care to SSA members, then the language and intent of 36.01 (a) will apply. [If the amount of the new premium is less than the old premium, the Health Spending Account payment by the college shall continue, but with the payment lowered to the difference between the old premium and the new premium.] The ongoing existence of the Health Spending Account may be discussed in future Collective Agreement negotiations. (Original signed by) (Original signed by) Chair, College Negotiations Committee Chair, SSA Negotiations Committee Date Date The undersigned parties hereby agree to provide a monthly stipend payment to individuals employed as Resident Attendants at the following rates: The stipend amounts were based on the average number of hours the incumbents in this position worked on a monthly basis, in the last calendar year. In 2010 this approximate amount was 25 hours. The stipend amount was calculated by multiplying the 25 hours by the hourly rate applicable in Level B. These rates are effective June 16, 2009 to June 30, 2011. Without prejudice, the undersigned parties agree to enter into this Letter of Understanding to amend Article 17.02 (f) (ii) for the implementation of the new classification plan at Red Deer College such that:
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Related to Health Benefit Spending Account

  • Health Spending Account contributions by the Executive will cease on the Effective Date. The Executive may submit claims against the balance accrued to the Effective Date, until the end of the calendar year in which the Effective Date occurs.

  • Health Spending Account (HSA Wellness Spending Account (WSA)/Registered Retirement Savings Plan (RRSP) utilization rates;

  • Health Care Spending Account After six (6) months of permanent employment, full time and part time (20/40 or greater) employees may elect to participate in a Health Care Spending Account (HCSA) Program designed to qualify for tax savings under Section 125 of the Internal Revenue Code, but such savings are not guaranteed. The HCSA Program allows employees to set aside a predetermined amount of money from their pay, not to exceed the maximum amount authorized by federal law, per calendar year, of before tax dollars, for health care expenses not reimbursed by any other health benefit plans. HCSA dollars may be expended on any eligible medical expenses allowed by Internal Revenue Code Section 125. Any unused balance is forfeited and cannot be recovered by the employee.

  • 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.

  • Retirement Plans (a) In connection with the individual retirement accounts, simplified employee pension plans, rollover individual retirement plans, educational IRAs and XXXX individual retirement accounts (“XXX Plans”), 403(b) Plans and money purchase and profit sharing plans (“Qualified Plans”) (collectively, the “Retirement Plans”) within the meaning of Section 408 of the Internal Revenue Code of 1986, as amended (the “Code”) sponsored by a Fund for which contributions of the Fund’s shareholders (the “Participants”) are invested solely in Shares of the Fund, Transfer Agent shall provide the following administrative services: (i) Establish a record of types and reasons for distributions (i.e., attainment of eligible withdrawal age, disability, death, return of excess contributions, etc.); (ii) Record method of distribution requested and/or made; (iii) Receive and process designation of beneficiary forms requests; (iv) Examine and process requests for direct transfers between custodians/trustees, transfer and pay over to the successor assets in the account and records pertaining thereto as requested; (v) Prepare any annual reports or returns required to be prepared and/or filed by a custodian of a Retirement Plan, including, but not limited to, an annual fair market value report, Forms 1099R and 5498; and file same with the IRS and provide same to Participant/Beneficiary, as applicable; and (vi) Perform applicable federal withholding and send Participants/Beneficiaries an annual TEFRA notice regarding required federal tax withholding. (b) Transfer Agent shall arrange for PFPC Trust Company to serve as custodian for the Retirement Plans sponsored by a Fund. (c) With respect to the Retirement Plans, Transfer Agent shall provide each Fund with the associated Retirement Plan documents for use by the Fund and Transfer Agent shall be responsible for the maintenance of such documents in compliance with all applicable provisions of the Code and the regulations promulgated thereunder.

  • 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.

  • Public Benefit It is Reaction Retail’s understanding that the commitments it has agreed to herein, and actions to be taken by Reaction Retail under this Settlement Agreement, would confer a significant benefit to the general public, as set forth in Code of Civil Procedure § 1021.5 and Cal. Admin. Code tit. 11, § 3201. As such, it is the intent of Reaction Retail that to the extent any other private party initiates an action alleging a violation of Proposition 65 with respect to Reaction Retail’s failure to provide a warning concerning exposure to DEHP prior to use of the Products it has manufactured, distributed, sold, or offered for sale in California, or will manufacture, distribute, sell, or offer for sale in California, such private party action would not confer a significant benefit on the general public as to those Products addressed in this Settlement Agreement, provided that Reaction Retail is in material compliance with this Settlement Agreement.

  • Traditional Individual Retirement Custodial Account The following constitutes an agreement establishing an Individual Retirement Account (under Section 408(a) of the Internal Revenue Code) between the depositor and the Custodian.

  • Health Care Savings Plan As provided in this Agreement, eligible ASF Members will participate in the health care savings plan (HCSP) established under Minnesota Statute 352.98, and as administered by the Plan Administrator. The Employer is responsible only for transferring funds, as specified in this agreement, to the Plan Administrator. Subd. 1. All ASF Members who receive severance pay as defined in Section A of this article must participate in the health care savings plan. Subd. 2. All severance pay as defined in Section B of this article shall be transferred to the severed employee's health care savings plan account. At the time of separation, if an ASF Member has an approved exception to participation in the health care savings plan account from the plan administrator, then the ASF Member shall receive this payment in one lump sum payment of cash.

  • Health Savings Account (HSA) is a tax-exempt trust or custodial account established exclusively for the purpose of paying qualified medical expenses of the member who is covered under a high deductible health plan. The member must be covered under the HSA plan for the months in which contributions are made. HIGH DEDUCTIBLE HEALTH PLAN (HDHP) is a health plan that satisfies certain requirements with respect to deductibles and out-of-pocket expenses. The plan cannot provide payment for any covered healthcare service until the plan year deductible is satisfied, with the exception of preventive care services. • that provides medical and surgical care for patients who have acute illnesses or injuries; and • is either listed as a hospital by the American Hospital Association (AHA) or accredited by the Joint Commission on Accreditation of Healthcare Organizations (JCAHO).

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