Common use of Section 125 Benefit Plan Clause in Contracts

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.