Premium Only Plan. A. The Authority shall administer a Premium Only Plan (POP) that will allow an employee to pay for health insurance premiums on a pre-tax basis as permitted in the Internal Revenue Code.
Appears in 2 contracts
Samples: Memorandum of Understanding, Memorandum of Understanding
Premium Only Plan. A. 1. The Authority shall administer a Premium Only Plan (POP) that will shall allow an employee to pay for health insurance premiums on a pre-tax basis as permitted in the Internal Revenue Code. Under the POP, an employee's gross taxable salary shall be reduced by the amount of his/her share of the premium costs of Authority-provided health insurance coverage.
Appears in 2 contracts
Samples: Memorandum of Understanding, Memorandum of Understanding
Premium Only Plan. A. The Authority shall administer a Premium Only Plan (POP) that will allow an employee to pay for health insurance premiums on a pre-tax basis as permitted in the Internal Revenue Code. Under the POP, an employee's gross taxable salary shall be 87 reduced by the amount of his/her share of the premium costs of Authority-provided health insurance coverage.
Appears in 1 contract
Samples: Memorandum of Understanding
Premium Only Plan. A. The Authority shall administer a Premium Only Plan (POP) that will allow an employee to pay for health insurance premiums on a pre-tax basis as permitted in the Internal Revenue Code. Under the POP, an employee's gross taxable salary shall be reduced by the amount of his/her share of the premium costs of Authority-provided health insurance coverage.
Appears in 1 contract
Samples: Memorandum of Understanding
