IRC SECTION 125 FLEXIBLE SPENDING BENEFIT PLAN Sample Clauses

IRC SECTION 125 FLEXIBLE SPENDING BENEFIT PLAN. A. EMPLOYER CONTRIBUTION. The Internal Revenue Code Section 125 Flexible Spending Benefit Plan provides health, dental, vision and orthodontics coverage. Pursuant to the Flexible Spending Plan Document, the Fire Department will make contributions on behalf of individual employees as follows:
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IRC SECTION 125 FLEXIBLE SPENDING BENEFIT PLAN. (Cont’d)
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IRC SECTION 125 FLEXIBLE SPENDING BENEFIT PLAN. (Cont’d) Credited Years Percentage of Employer Of Service Contribution 10 50 11 55 12 60 13 65 14 70 15 75 16 80 17 85 18 90 19 95 20 or more 100 The Department’s contribution shall be adjusted each year in accordance with Government Code Section 22893. The County will provide medical premium payments for employees who retire from the County in accordance with Government Code Section 22893. Employees hired after January 1, 2008 or when Government Code Section 22893 is implemented by the Board of Supervisors, shall be eligible for retiree health insurance subject to the following conditions: During the term of this MOU, but no sooner than January 1, 2008, the County will modify its agreement with the CALPERS Health Benefit Program to incorporate the provision of Government Code Section 22893 for employees who are employed after January 1, 2008, or when the County modifies its Agreement with CalPERS Health Benefits Program, whichever is later. In addition to the payment specified above, the Department will provide an employee who retires and receives medical payments in accordance with this section an additional supplement up to 100% of the appropriate Kaiser level.
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IRC SECTION 125 FLEXIBLE SPENDING BENEFIT PLAN. (Cont’d) DENTAL PLAN OPTIONS
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IRC SECTION 125 FLEXIBLE SPENDING BENEFIT PLAN. (Cont’d) employee and two or more dependents for the benefit coverage offered by PERS.
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IRC SECTION 125 FLEXIBLE SPENDING BENEFIT PLAN. (Cont’d) without pay or an employee separation, provided that an employee is on paid status at least one-half of the scheduled hours for the employee's classification in the employee's last biweekly pay period. Therefore, an employee working in a classification normally subject to an 80-hour biweekly pay period must have been in paid status at least 40 hours in the last biweekly pay period.
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Related to IRC SECTION 125 FLEXIBLE SPENDING BENEFIT PLAN

  • Flexible Spending The Board shall make flexible spending accounts available to employees in the bargaining unit.

  • Medical Flexible Spending Arrangement A. During January 2020 and again in January 2021, the Employer will make available two hundred fifty dollars ($250) in a medical flexible spending arrangement (FSA) account for each bargaining unit member represented by a Union in the Coalition described in RCW 41.80.020(3), who meets the criteria in Subsection 28.7(B) below.

  • Benefit Plan If an employee maintains coverage for benefit plans while on maternity or parental leave, the Employer agrees to pay the Employer's share of these premiums.

  • 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.

  • HEALTH & WELFARE BENEFITS Executive shall be eligible to participate in all health and welfare benefits provided generally to other employees of the Company.

  • HEALTH AND WELFARE BENEFITS (Article 17 applies to full-time nurses only)

  • Flexible Spending Account (FSA) Beginning January 1, 1993, an employee may designate an amount per year to be placed into the employee’s Flexible Spending Account (as defined in Section 125 of the Internal Revenue Code as amended from time to time). The amounts in the account may be used to reimburse the employee for uncovered medical expenses. Amounts placed in the account are not subject to federal, state and Social Security (FICA) taxes. Reports of earnings to MTRFA and pension deductions will be based on gross earnings.

  • 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.

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