Common use of IRC 125 Plan Clause in Contracts

IRC 125 Plan. The District will maintain a program that implements the Internal Revenue Code Section 125 and provides for before tax employee contributions to non-District covered health and dependent care costs. 9.13.1 Part-time employees who are assigned at least one semester length course may participate in this plan during that semester. The limit for earnings to be set aside for an eligible part-time employee’s medical benefits is $400 per semester, $1,200 per year. The limit for earnings to be set aside for an eligible part-time employee’s dependent care benefits is $1,666 per semester,

Appears in 3 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement

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IRC 125 Plan. The District will maintain a program that implements the Internal Revenue Code Section 125 and provides for before tax employee contributions to non-District covered health and dependent care costs. 9.13.1 Part-time employees who are assigned at least one semester length course may participate in this plan during that semester. The limit for earnings to be set aside for an eligible part-time employee’s medical benefits is $400 per semester, $1,200 per year. The limit for earnings to be set aside for an eligible part-time employee’s dependent care benefits is $1,666 per semester,, $5,000 per year. Part-time employees will enroll separately for each semester of participation.

Appears in 2 contracts

Samples: Tentative Agreement, Tentative Agreement

IRC 125 Plan. The District will maintain a program that implements the Internal Revenue Code Section 125 and provides for before tax employee contributions to non-District covered health and dependent care costs. 9.13.1 . Part-time employees who are assigned at least one semester length course may participate in this plan during that semester. The limit for earnings to be set aside for an eligible part-time employee’s medical benefits is $400 per semester, $1,200 per year. The limit for earnings to be set aside for an eligible part-part- time employee’s dependent care benefits is $1,666 per semester,, $5,000 per year. Part-time employees will enroll separately for each semester of participation.

Appears in 2 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement

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IRC 125 Plan. The District will maintain a program that implements the Internal Revenue Code Section 125 and provides for before tax employee contributions to non-District covered health and dependent care costs. 9.13.1 Part-time employees who are assigned at least one semester length course may participate in this plan during that semester. The limit for earnings to be set aside for an eligible part-time employee’s medical benefits is $400 per semester, $1, $1,200 200 per year. The limit for earnings to be set aside for an eligible part-time employee’s dependent care benefits is $1,666 per semester,, $5,000 per year. Part- time employees will enroll separately for each semester of participation.

Appears in 1 contract

Samples: Tentative Agreement

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