Health Spending Account for Regular Part-Time Faculty Sample Clauses

Health Spending Account for Regular Part-Time Faculty. Each Regular Part-Time faculty will be provided a health spending account in the amount of Sixty- Five Dollars ($65.00) per Half-Day course taught. Deposits to the health spending account will be made on September 1 of each year, based on the previous twelve (12) month period. Regular Part- Time faculty shall submit receipts for reimbursement for any expense or dependent eligible expense under the Canadian Federal Income Tax Act. Deposited amounts will be accessible for a twelve (12) month policy period. If there are any unused credits at the end of the twelve (12) month policy period, they will be rolled over into the next twelve (12) month policy period. In no event can credits be used after two (2) years.
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Health Spending Account for Regular Part-Time Faculty. Each Regular Part-­‐Time faculty will be provided a health spending account in the amount of Fifty Dollars ($50.00) per half-­‐day course taught, increased to Sixty Dollars ($60.00) effective September 1, 2014, and Sixty-­‐Five Dollars ($65.00) effective September 1, 2015. Deposits to the health spending account will be made on September 1 of each year, based on the previous twelve (12) month period. Regular Part-­‐Time faculty shall submit receipts for reimbursement for any expense or dependent eligible expense under the Canadian Federal Income Tax Act. Deposited amounts will be accessible for a twelve (12) month policy period. If there are any unused credits at the end of the twelve (12) month policy period, they will be rolled over into the next twelve (12) month policy period. In no event can credits be used after two (2) years.
Sample 1

Related to Health Spending Account for Regular Part-Time Faculty

  • 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.

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  • 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.

  • Please see the current Washtenaw Community College catalog for up-to-date program requirements Conditions & Requirements

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  • SIMPLE Individual Retirement Custodial Account (Under section 408(p) of the Internal Revenue Code) The participant named above is establishing a savings incentive match plan for employees of small employers individual retirement account (SIMPLE IRA) under sections 408(a) and 408(p) to provide for his or her retirement and for the support of his or her beneficiaries after death. The custodian named above has given the participant the disclosure statement required by Regulations section 1.408-6. The participant and the custodian make the following agreement:

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  • How Are Contributions to a Xxxx XXX Reported for Federal Tax Purposes You must file Form 5329 with the IRS to report and remit any penalties or excise taxes. In addition, certain contribution and distribution information must be reported to the IRS on Form 8606 (as an attachment to your federal income tax return.)

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