PRE-TAX BENEFITS. An initial enrollment will be offered to full-time employees who choose to participate in a pre-tax Dependent Care and Pre-tax Insurance Premium Program offered by the City or its appointed program administrator. Subsequent enrollments will be offered to new employees at the time of hire; existing employees may enroll during their group’s pre-tax Open Enrollment month each year. These pre-tax plans will remain in effect so long as they continue to be authorized by the Internal Revenue Code.
PRE-TAX BENEFITS. Enrollment in a Pre-tax Dependent Care and Pre-tax Insurance Premium Program offered by the City of Columbus or its appointed administrator will be offered to new employees at the time of hire; existing employees may enroll during Open Enrollment month each year. Insurance Premiums. Each participant who elects to pre-tax the monthly insurance premium must complete the necessary election form, which authorizes the City payroll to pre-tax that premium. Dependent Care Program. Each participating employee who elects to enroll in the Dependent Care Program will determine an amount to be pre-taxed biweekly through payroll deduction. The annual pre-tax limit, determined by each participant, shall not conflict with IRS limits identified in Internal Revenue Code. Amendments to the annual pre-tax maximum can only occur during Open Enrollment month, on the annual plan renewal date, or when a change in status occurs. Participants will submit allowable claims to the City's plan administrator. Remittance from the participant's Dependent Care account will be sent directly to each plan participant. Amounts for which a participant does not have an eligible claim will be forfeited at the end of each plan year. These pre-tax plans will remain in effect so long as they continue to be authorized by the Internal Revenue Code.
PRE-TAX BENEFITS. Enrollment in a Pre-tax Dependent Care and Pre-tax Insurance Premium Program offered by the City of Columbus or its appointed administrator will be offered to new employees at the time of hire. New employees will automatically be enrolled in the Pre-tax Insurance Premium Program unless the participant elects otherwise. Existing employees may enroll during the Open Enrollment period each year. Insurance Premiums. Each participant who elects to pre-tax the monthly insurance premium must complete the necessary election form, which authorizes the City payroll to pre-tax that premium. Dependent Care Program. Each participating employee who elects to enroll in the Dependent Care Program will determine an amount to be pre-taxed biweekly through payroll deduction. The annual pre-tax limit, determined by each participant, shall not conflict with IRS limits identified in Internal Revenue Code. Amendments to the annual pre-tax maximum can only occur during the Open Enrollment period, on the annual plan renewal date, or when a change in status occurs. Participants will submit allowable claims to the City's plan administrator. Remittance from the participant's Dependent Care account will be sent directly to each plan participant. Amounts for which a participant does not have an eligible claim will be forfeited at the end of each plan year. These pre-tax plans will remain in effect so long as they continue to be authorized by the Internal Revenue Code.
PRE-TAX BENEFITS. A. Requirements
1. IRS Section 125c Unit employees are eligible for pre-tax benefits payable under IRS Section 125c, including medical, dental and vision insurance premiums.
PRE-TAX BENEFITS. A. INSURANCE DEDUCTIONS: Premiums deducted from the employee’s check to pay for health insurance are automatically taken on a before-tax basis, unless the employee has indicated otherwise in writing to the Employee Benefit Office. The premiums paid by the employee, if any, are not subject to federal, state and Social Security (FICA) taxes. Reports of earnings and pension deductions will be based on gross earnings. The before-tax deductions are subject to the requirements of Section 125 of the Internal Revenue Code as amended from time to time.
PRE-TAX BENEFITS. Enrollment in a Pre-tax Dependent Care and Pre-tax Insurance Premium Program offered by the City of Columbus or its appointed administrator will be offered to new employees at the time of hire; existing employees may enroll during Open Enrollment month each year. Insurance Premiums. Each participant who elects to pre-tax the monthly insurance premium must complete the necessary election form, which authorizes the City payroll to pre-tax that premium. Dependent Care Program. Each participating employee who elects to enroll in the Dependent Care Program will determine an amount to be pre-taxed biweekly through payroll deduction. The annual pre-tax limit, determined by each participant, shall not conflict with IRS limits identified in Internal Revenue Code. Amendments to the annual pre-tax maximum can only occur during Open Enrollment month, on the annual plan renewal date, or when a change in status occurs. Participants will submit allowable claims to the City's plan administrator. Remittance from the participant's Dependent Care account will be sent directly to each plan participant. Amounts for which a participant does not have an eligible claim will be forfeited at the end of each plan year.
PRE-TAX BENEFITS. 1. In order to enable employees to use pre-tax dollars to pay certain eligible family and health care expenses not covered by insurance, the Board agrees to make available, at Board expense, a Medical Expense Reimbursement Account and a Dependent Care Reimbursement Account. Both accounts will be administered by the third-party administrator pursuant to a Section 125 (cafeteria) plan.
2. The Medical Expense Reimbursement Plan and Dependent Care Reimbursement Plan will be established in conformity with the provisions of Section 125 of the Internal Revenue Code.
3. The Section 125 (cafeteria) plan will provide that, annually, not more than sixty (60) days or less than thirty (30) days prior to the beginning of the next plan year each employee will be notified of the opportunity to elect to make changes in the amount of income that is to be deposited to either the Medical Expense Reimbursement Account (up to the maximum amount allowed under the Board's plan document) or the Dependent Care Reimbursement Account. Any unused balance remaining in an employee's account at the end of the plan year will revert to the employer.
PRE-TAX BENEFITS. Full-time employees may choose to participate in a pre-tax Dependent Care and Pre-tax Insurance Premium Program offered by the City or its appointed program administrator. Enrollments will be offered at the time of hire or during an Open Enrollment Month each year. New employees will automatically be enrolled in the Pre-tax Insurance Premium Program unless the participant elects otherwise.
PRE-TAX BENEFITS. 18.1 The Consortium agrees to continue to provide access to the Northshore Education Consortium Cafeteria Plan, a program which enables employees to take advantage of pre-tax dollars for dependent care and medical expenses, as detailed in the Summary Plan Description.
PRE-TAX BENEFITS
