Common use of Modified Section 125 Plan Clause in Contracts

Modified Section 125 Plan. The plan allows bargaining unit members to redirect a portion of salary, on a pre-tax basis, to a flexible spending account to provide reimbursement for two specific types of expenses: Dependent Day Care (DDC) and Unreimbursed Medical (URM). In addition bargaining unit members may elect to redirect, on a pre-tax basis, a share of the monthly premium for health insurance.

Appears in 11 contracts

Samples: Chaffey Community College Chaffey, Chaffey Community College Chaffey, Chaffey Community College Chaffey

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