Common use of Section 125 Benefit Plan Contribution Clause in Contracts

Section 125 Benefit Plan Contribution. a. Effective the first paycheck in June 2018, the City shall make a City contribution to the Section 125 Benefit Plan of $25 per month. For benefit plan years 2020 and 2021, the City shall make a City contribution to the Section 125 Benefit Plan based upon level of medical coverage as follows: Level of Medical Coverage City Contribution effective the first pay check in December 2019 City Contribution effective the first pay check in December 2020 Waive $35 $45 Single $45 $65 Two-party $325 $425 Family $425 $625 b. Employees who waive insurance must meet all of the requirements pursuant to V.M (Cash In Lieu) to receive the City contribution above.

Section 125 Benefit Plan Contribution. a. Effective the first paycheck in June 2018December 2015, the City shall make a City contribution to the Section 125 Benefit Plan of $25 per month. For benefit plan years 2020 and 2021In future years, the City shall make a City monthly contribution to the Section 125 Benefit Plan based upon level of medical coverage as follows: Level of Medical Coverage City Contribution effective the first pay check in December 2019 City Contribution effective the first pay check in December 2020 Waive $35 $45 Single $45 $65 Two-party $325 $425 Family $425 $625 b. Employees who waive insurance must meet all of the requirements pursuant to V.M (Cash In Lieu) to receive the City contribution above.