Common use of Medical and Dependent Care Reimbursement Plan Clause in Contracts

Medical and Dependent Care Reimbursement Plan. The City shall maintain a salary reduction plan as provided by Section 125 of the Internal Revenue Service Code permitting permanent unit members to designate a portion of their annual salary to be withheld and subsequently used to provide pre-tax reimbursements for verified medical (MCAP) and dependent care (DCAP) expenses, subject to the rules of the IRS and governing regulations. If a unit member receives medical insurance coverage through their spouse or partner, signs the City form electing not to receive City paid medical coverage, and provides the City with satisfactory proof of insurance coverage effective January 1, 2016, the unit member shall receive one of either: • $300 per month in cash; or • $300 per month City contribution into the unit member’s DCAP or MCAP account.

Appears in 5 contracts

Samples: ibew1245.com, ibew1245.com, ibew1245.com

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Medical and Dependent Care Reimbursement Plan. The City shall maintain a salary reduction plan as provided by Section 125 of the Internal Revenue Service Code permitting permanent unit members to designate a portion of their annual salary to be withheld and subsequently used to provide pre-tax reimbursements for verified medical (MCAP) and dependent care (DCAP) expenses, subject to the rules of the IRS and governing regulations. If a unit member receives medical insurance coverage through their spouse or partner, signs the City form electing not to receive City paid medical coverage, and provides the City with satisfactory proof of insurance coverage effective January 1, 2016, the unit member shall receive one of either: • $300 per month in cash; or • $300 per month City contribution into the unit member’s 's DCAP or MCAP account.

Appears in 2 contracts

Samples: ibew1245.com, ibew1245.com

Medical and Dependent Care Reimbursement Plan. The City shall maintain a salary reduction plan as provided by Section 125 of the Internal Revenue Service Code permitting permanent unit members to designate a portion of their annual salary to be withheld and subsequently used to provide pre-tax reimbursements for verified medical (MCAP) and dependent care (DCAP) expenses, subject to the rules of the IRS and governing regulations. If a unit member receives medical insurance coverage through their spouse or partner, signs the City form electing not to receive City paid medical coverage, and provides the City with satisfactory proof of insurance coverage effective January 1, 2016, the unit member shall receive one of either: $300 per month in cash; or $300 per month City contribution into the unit member’s DCAP or MCAP account.

Appears in 2 contracts

Samples: cao-94612.s3.amazonaws.com, cao-94612.s3.amazonaws.com

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Medical and Dependent Care Reimbursement Plan. The City shall maintain a salary reduction plan as provided by Section 125 of the Internal Revenue Service Code permitting permanent unit members to designate a portion of their annual salary to be withheld and subsequently used to provide pre-tax reimbursements for verified medical (MCAP) and dependent care (DCAP) expenses, subject to the rules of the IRS and governing regulations. If a unit member receives medical insurance coverage through their spouse or partner, signs the City form electing not to receive City paid medical coverage, and provides the City with satisfactory proof of insurance coverage effective January 1, 2016, the unit member shall receive one of either: • $300 per month in cash; or • $300 per month City contribution into the unit member’s DCAP or MCAP account.

Appears in 1 contract

Samples: www2.oaklandnet.com

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