Common use of Health Benefit Spending Account Clause in Contracts

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.