Internal Revenue Code Section 125 Plan. The District will maintain a Medical Premium only Section 125 Plan for each unit member who, in writing, enrolls in the Section 125 Plan.
Internal Revenue Code Section 125 Plan. The District will continue to offer Section 125 Plan for each member of CSEA 885. The flex plan will include these options as a minimum program:
1. Pre-tax option
2. Unreimbursed medical expenses
3. Childcare/eldercare expenses
Internal Revenue Code Section 125 Plan. The Department shall offer an Internal Revenue Code Section 125 Plan (the ‘Plan’), which contains the components of premium conversion, healthcare reimbursement account and dependent care reimbursement account. It is understood that during the term of this contract, the Department may seek expert opinion as to the parameters of this Plan and all contributions to the flexible benefits plan outlined below are contingent upon compliance with state and federal rules and regulations. The Parties agree to meet and confer if any part of this structure is found to be noncompliant. Administration of the Plan is pursuant to IRS regulations. The Department makes no representations regarding taxation of money deferred by employees under the Plan.
Internal Revenue Code Section 125 Plan. An Internal Revenue Code Section 125 Plan shall be available to employees for the purpose of tax deferral of allowable medical expenses and all other allowable deferrals under the plan.
Internal Revenue Code Section 125 Plan. For so long as permitted pursuant to the Internal Revenue Code, the District will sponsor a "flexible spending account" which will allow Bargaining Unit Employees to set aside a portion of earnings to pay for qualified expenses as established in the cafeteria plan for both medical expenses and dependent care expenses subject to limitations and requirements pursuant to the Code, as well as for providing the opportunity for Bargaining Unit Employees to pay any premium share are deductibles through pretax dollars.
Internal Revenue Code Section 125 Plan
