Common use of Section 125 Benefit Plan Clause in Contracts

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

Appears in 4 contracts

Samples: Professional Agreement, core-docs.s3.amazonaws.com, Professional Agreement

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