Notice to Prevent Inadvertent Forfeitures Sample Clauses

Notice to Prevent Inadvertent Forfeitures. 1. During the on-line open enrollment process, the City will expressly alert employees who choose Option No. 2 under Section B-3 or C-3 above, that the failure to fund a flexible spending account (FSA) for dental/medical/vision reimbursements and/or child/dependent care (if eligible) by entering the full dollar amount of Flex Credits remaining (up to the IRS limit) after selection of a medical, life, dental, or vision insurance option, will result in the forfeiture of those remaining Flex Credit dollars back to the City. This written cautionary instruction will be added to the steps each employee must follow when using the open enrollment portal and will be placed in such a manner as to warn the employee that failure to enter the full and correct remaining Flex Credit amount as an FSA election will result in this forfeiture.
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Related to Notice to Prevent Inadvertent Forfeitures

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