Section 125 Benefit Plan. 24.11.1 A Section 125 Benefit Plan will be available to all employees and will include all plans allowed under IRS Section 125.
Section 125 Benefit Plan. Employees may elect to participate in the district’s Section 125 Benefit Plan. Participation will result in the employee obtaining certain selected fringe benefits with pre-tax dollars. An amount not to exceed fifty percent (50%) of salary may be set aside by the employee for this purpose. The fringe benefits currently available under the plan include: Part A - Insurance Premiums on payroll deductions Part B - Medical Part C - Child Care The terms of the Section 125 Plan document will prevail over any contrary contract language. However, the parties shall bargain any effects of any plan changes adopted by the Board during the term of the contract.
Section 125 Benefit Plan. 1. An IRS Code Section 125 benefit plan shall be established providing employees with the opportunity, through payroll reduction, to pay for legally permissible benefits. The City shall designate a plan administrator to administer the plan. Any and all charges, including charges for reimbursement accounts under the plan, shall be paid by the employee for whom the charge is assessed. The City shall not be responsible for the cost of administering the plan. The Union and the City shall jointly notify employees of the flexible benefit plan and of their rights and their responsibilities under the plan. Each employee must be offered opportunity to participate in the plan.
Section 125 Benefit Plan. A Section 125 Benefit Plan will be offered to all employees as specified under the terms of the Section 125 contract. Employees may reduce salary annually at the start of each plan year by up to fifty percent (50%) of salary for the selection of benefits, under section 125 of the Internal Revenue Code, which are non-taxable benefits of health insurance, long term and short-term disability, life insurance, non-reimbursed medical costs, and dependent care. Administrative costs of the plan shall be paid by the Board. Individual monthly administrative costs for each employee's plan shall be paid by the employee.
Section 125 Benefit Plan. Teachers may elect to participate in the district’s Section 125 Benefit Plan. Participation will result in the teacher obtaining certain selected fringe benefits with pre-tax dollars. An amount not to exceed fifty percent (50%) of salary may be set aside by the teacher for this purpose. The fringe benefits currently available under the plan include: Part A - Insurance Premiums on payroll deductions Part B - Medical Part C - Child Care DocuSign Envelope ID: 22C4B649-47B2-43A6-94B5-1EF2E9B1A864
Section 125 Benefit Plan. The City shall provide the amount listed below toward the payment of premiums under an IRS Section 125 Benefit Plan. The City may also offer other pre-tax benefits.
Section 125 Benefit Plan. The City shall provide the amount listed below toward the payment of premiums under an IRS Section 125 Benefit Plan. Core benefits include life and long term disability insurance. Medical insurance is a required core benefit which a City employee is required to carry if a City employee is not covered by another medical insurance plan with comparable coverage at the end of the open enrollment period.
Section 125 Benefit Plan. Effective October 1, 2001, bargaining unit employees regularly scheduled to work twenty (20) or more hours per work week shall be eligible to participate in the Employer’s Section 125 benefit plan providing for medical expenses and child care reimbursement from pre-tax income as permitted by law.
Section 125 Benefit Plan. The Board shall provide for a benefit plan as provided by Section 125 of the Revenue Act of 1978. Each school employee may participate in Generation I (which are non-taxable insurance benefits) and Generation II benefits (flexible spending accounts). All fees for administration of Section 125 will be paid for by the participants.
Section 125 Benefit Plan. Employees shall participate in payroll deductions of pre-tax earnings for payment by the District of employees’ medical and dental insurance premiums and child/dependent care expenses in accordance with Section 125 of the Internal Revenue Code and Resolution No. 91-203. An employee may elect not to participate by signing the appropriate authorization forms.
