Pre-Tax. Any health care premium expense paid by the employee through payroll deduction shall be paid on a pre-tax basis to the extent allowed by law.
Pre-Tax. The Board shall provide for pre-tax payroll deductions for all insurance that qualifies for such under Section 125 of the IRS code.
Pre-Tax. Any premium expense paid by the employee through payroll deduction may be paid on a pre-tax basis to the extent allowed by law.
Pre-Tax. Employees covered by this agreement shall be allowed to participate in the Section 125 Pre-Tax Advantage Program as established by the City. At a minimum, said program will allow for pre-tax payment of health insurance co-payments to the extent allowed by Federal and State law.
Pre-Tax. Under Section 125 of the Internal Revenue Code, an employee may elect to participate in a dependent care (or child care) reimbursement plan and or non- reimbursed medical expenses plan. Employees may elect to reduce their annual taxable compensation by up to $5,000 through participation. Such salary reductions are placed in trust and the employee may then request reimbursement for eligible expenses. As governed by the Internal Revenue Code, such reimbursements will not be subject to Federal or State income taxes, which can increase the employee’s spendable income.
Pre-Tax. The Employer shall continue to offer a pre‐tax spending account to Employees for day care, medical, and supplemental benefits.
