Optional Fringe Benefits. The Board shall make available to each employee covered by this agreement a cafeteria plan of fringe benefits (IRS Section 125): A. An employee, at his/her option may enter into a salary reduction agreement with the Board up to a maximum amount allowed by the IRS, to be used to purchase options available on the cafeteria plan. (1992) B. The Xxxxxx City Section 125 Cafeteria Plan shall consist of the following options: District approved 1) health insurance; 2) salary protection; 3); accident only insurance; 4) cancer insurance; 5) dental insurance; 6) childcare expense; and 7) unreimbursed medical expense. (1992, 2017) C. Each employee shall be provided the opportunity to select one or a combination of the benefit plans offered through the cafeteria plan. The selected benefits shall commence from the first day of employment with the Xxxxxx City School District. The employee shall be provided an opportunity to keep or change his/her selected benefits every 12 months. If the monthly premiums of the benefit or benefits selected by an individual employee exceed the monthly sum allowed, the individual shall have such amount in excess deducted from his/her monthly paycheck. D. The Companies retained in the Cafeteria Plan shall include those companies that are District approved. E. Members shall have access to representatives of District approved companies in their buildings during the teacher’s school day when not assigned to students
Appears in 5 contracts
Samples: Professional Negotiations Agreement, Negotiated Agreement, Negotiated Agreement
Optional Fringe Benefits. The Board shall make available to each employee covered by this agreement a cafeteria plan of fringe benefits (IRS Section 125):
A. An employee, at his/her option may enter into a salary reduction agreement with the Board up to a maximum amount allowed by the IRS, to be used to purchase options available on the cafeteria plan. (1992)
B. The Xxxxxx Putnam City Section 125 Cafeteria Plan shall consist of the following options: District approved 1) health insurance; 2) salary protection; 3); accident only ) term life insurance; 4) cancer insurance; 5) dental insurance; 6) childcare expense; and 7) unreimbursed medical expense. (1992, 2017)
C. Each employee shall be provided the opportunity to select one or a combination of the benefit plans offered through the cafeteria plan. The selected benefits shall commence from the first day of employment with the Xxxxxx Putnam City School District. The employee shall be provided an opportunity to keep or change his/her selected benefits every 12 months. If the monthly premiums of the benefit or benefits selected by an individual employee exceed the monthly sum allowed, the individual shall have such amount in excess deducted from his/her monthly paycheck.
D. The Companies retained in the Cafeteria Plan shall include those companies that are District approved.
E. Members shall have access to representatives of District approved companies in their buildings during the teacher’s school day when not assigned to students.
Appears in 1 contract
Samples: Professional Negotiations Agreement
Optional Fringe Benefits. The Board shall make available to each employee covered by this agreement a cafeteria plan of fringe benefits (IRS Section 125):
A. An employee, at his/her option may enter into a salary reduction agreement with the Board up to a maximum amount allowed by the IRS, to be used to purchase options available on the cafeteria plan. (1992)
B. The Xxxxxx Putnam City Section 125 Cafeteria Plan shall consist of the following options: District approved 1) health insurance; 2) salary protection; 3); accident only insurance; 4) cancer insurance; 5) dental insurance; 6) childcare expense; and 7) unreimbursed medical expense. (1992, 2017)
C. Each employee shall be provided the opportunity to select one or a combination of the benefit plans offered through the cafeteria plan. The selected benefits shall commence from the first day of employment with the Xxxxxx Putnam City School District. The employee shall be provided an opportunity to keep or change his/her selected benefits every 12 months. If the monthly premiums of the benefit or benefits selected by an individual employee exceed the monthly sum allowed, the individual shall have such amount in excess deducted from his/her monthly paycheck.
D. The Companies retained in the Cafeteria Plan shall include those companies that are District approved.
E. Members shall have access to representatives of District approved companies in their buildings during the teacher’s school day when not assigned to students
Appears in 1 contract
Samples: Professional Negotiations Agreement
