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 represented employees 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 represented employee receives medical insurance coverage through their spouse or partner, signs the City Medical Waiver/Cash-In-Lieu form electing not to receive City paid medical coverage, and provides the City with satisfactory proof of insurance coverage, the represented employee shall receive one of either: Three hundred and twenty-five dollars ($325) per month in cash for the period January 1, 2014 through December 31, 2014. Prior to Benefits Open Enrollment in October 2014, the City shall determine, for the period January 1, 2014 through June 30, 2014, if the savings to the City from increased enrollment in the Cash In-Lieu program are equal to or exceed the increased cost for existing participants in the Cash In-Lieu program. The increased cost for existing participants shall be the difference between the new three hundred and twenty-five dollars ($325) rate and the existing of one hundred sixty dollar ($160) rate per month. The savings for new enrollees shall be the difference between the City's cost for medical benefits for the enrollee and any currently covered dependents, and the cost of the In-Lieu payment three hundred twenty five dollars ($325) per month. If the savings are not equal to or greater than the increased costs, then the amount of the In-Lieu contribution for Calendar Year 2015 shall be reduced to two hundred fifty dollars ($250) per month. • The represented employee may elect to have a portion of this payment, up to the maximum amounts specified in Section 8.5.1, paid into the represented employee's MCAP or DCAP amount.

Appears in 3 contracts

Samples: cao-94612.s3.us-west-2.amazonaws.com, cao-94612.s3.amazonaws.com, www.ifpte21.org

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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 represented employees 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 represented employee receives medical insurance coverage through their spouse or partner, signs the City Medical Waiver/Cash-In-Lieu form electing not to receive City paid medical coverage, and provides the City with satisfactory proof of insurance coverage, the represented employee shall receive one of either: Three hundred and twenty-five dollars ($325) per month in cash for the period January 1, 2014 through December 31, 2014. Prior to Benefits Open Enrollment in October 2014, the City shall determine, for the period January 1, 2014 through June 30, 2014, if the savings to the City from increased enrollment in the Cash In-Lieu program are equal to or exceed the increased cost for existing participants in the Cash In-Lieu program. The increased cost for existing participants shall be the difference between the new three hundred and twenty-five dollars ($325) rate and the existing of one hundred sixty dollar ($160) rate per month. The savings for new enrollees shall be the difference between the City's cost for medical benefits for the enrollee and any currently covered dependents, and the cost of the In-Lieu payment three hundred twenty five dollars ($325) per month. If the savings are not equal to or greater than the increased costs, then the amount of the In-Lieu contribution for Calendar Year 2015 shall be reduced to two hundred fifty dollars ($250) per month. The represented employee may elect to have a portion of this payment, up to the maximum amounts specified in Section 8.5.1, paid into the represented employee's MCAP or DCAP amount.

Appears in 3 contracts

Samples: www.ifpte21.org, www.bankonoakland.ca.gov, ifpte21.org

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 represented employees 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 represented employee receives medical insurance coverage through their spouse or partner, signs the City Medical Waiver/Cash-In-Lieu form electing not to receive City paid medical coverage, and provides the City with satisfactory proof of insurance coverage, the represented employee shall receive one of either: Three hundred and twenty-five dollars ($325) 325 per month in cash for the period January 1, 2014 2016 through December 31, 20142016. Prior to Benefits Open Enrollment in October 20142015, the City shall determine, for the period January 1, 2014 2017 through June 30, 20142017, if the savings to the City from increased enrollment in the Cash In-Lieu program are equal to or exceed the increased cost for existing participants in the Cash In-In- Lieu program. The increased cost for existing participants shall be the difference between the new three hundred and twenty-five dollars ($325) 325 rate and the existing of one hundred sixty dollar $160 rate ($160) rate 165 per month). The savings for new enrollees shall be the difference between the City's cost for medical benefits for the enrollee and any currently covered dependents, and the cost of the In-Lieu payment three hundred twenty five dollars ($325) 325 per month). If the savings are not equal to or greater than the increased costs, then the amount of the In-Lieu contribution for Calendar Year 2015 2017 shall be reduced to two hundred fifty dollars ($250) 300 per month. ; • The represented employee may elect to have a portion of this payment, up to the maximum amounts specified in Section 8.5.1, paid into the represented employee's MCAP or DCAP amount.

Appears in 2 contracts

Samples: Confidential Management Employees, Confidential Management Employees

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 represented employees 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 represented employee receives medical insurance coverage through their spouse or partner, signs the City Medical Waiver/Cash-In-Lieu form electing not to receive City paid medical coverage, and provides the City with satisfactory proof of insurance coverage, the represented employee shall receive one of either: Three hundred and twenty-five dollars ($325) 325 per month in cash for the period January 1, 2014 2016 through December 31, 20142016. Prior to Benefits Open Enrollment in October 20142015, the City shall determine, for the period January 1, 2014 2017 through June 30, 20142017, if the savings to the City from increased enrollment in the Cash In-Lieu program are equal to or exceed the increased cost for existing participants in the Cash In-In- Lieu program. The increased cost for existing participants shall be the difference between the new three hundred and twenty-five dollars ($325) 325 rate and the existing of one hundred sixty dollar $160 rate ($160) rate 165 per month). The savings for new enrollees shall be the difference between the City's cost for medical benefits for the enrollee and any currently covered dependents, and the cost of the In-Lieu payment three hundred twenty five dollars ($325) 325 per month). If the savings are not equal to or greater than the increased costs, then the amount of the In-Lieu contribution for Calendar Year 2015 2017 shall be reduced to two hundred fifty dollars ($250) 300 per month. ; • The represented employee may elect to have a portion of this payment, up to the maximum amounts specified in Section 8.5.1, paid into the represented employee's MCAP or DCAP amount.

Appears in 1 contract

Samples: Confidential Management Employees

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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 represented employees 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 represented employee receives medical insurance coverage through their spouse or partner, signs the City Medical Waiver/Cash-In-Lieu form electing not to receive City paid medical coverage, and provides the City with satisfactory proof of insurance coverage, the represented employee shall receive one of either: Three hundred and twenty-five dollars ($325) 325 per month in cash for the period January 1, 2014 2016 through December 31, 20142016. Prior to Benefits Open Enrollment in October 20142015, the City shall determine, for the period January 1, 2014 2017 through June 30, 20142017, if the savings to the City from increased enrollment in the Cash In-Lieu program are equal to or exceed the increased cost for existing participants in the Cash In-In- Lieu program. The increased cost for existing participants shall be the difference between the new three hundred and twenty-five dollars ($325) 325 rate and the existing of one hundred sixty dollar $160 rate ($160) rate 165 per month). The savings for new enrollees shall be the difference between the City's cost for medical benefits for the enrollee and any currently covered dependents, and the cost of the In-Lieu payment three hundred twenty five dollars ($325) 325 per month). If the savings are not equal to or greater than the increased costs, then the amount of the In-Lieu contribution for Calendar Year 2015 2017 shall be reduced to two hundred fifty dollars ($250) 300 per month. • ;  The represented employee may elect to have a portion of this payment, up to the maximum amounts specified in Section 8.5.1, paid into the represented employee's MCAP or DCAP amount.

Appears in 1 contract

Samples: Confidential Management Employees

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