Section 125 Benefits. Health Benefits and Dental Insurance, Vision Insurance, Flexible Spending Accounts, and Dependent Care Reimbursement, with companies approved by the board.
Section 125 Benefits. The school corporation will provide voluntary payroll deductions for the purpose of permitting employees to receive benefits as provided by Section 125 of the Revenue Act of 1978. The deductions will begin at a mutually agreeable time after the selection of a third-party administrator. The Association and the school corporation will mutually select and agree on a third-party administrator. The sole cost to the school corporation will be a basic institution enrollment fee. All other administration fees shall be borne by the employee.
Section 125 Benefits. The benefits provided to employees by Section 125 of the Revenue Act of 1978 shall be made available to any bargaining unit member so requesting. An amount not to exceed the legal limit may be set aside by the employee for the selection of benefits, under Section 125 of the Internal Revenue Code, which are non- taxable benefits of major medical, long term disability, short term disability, Section 79 Life, non-reimbursed medical, and dependent care. The administration fee shall be paid by the School Corporation. It is the intention of the parties to provide full Section 125 benefits to teachers within the limits and provisions allowed by law. Nothing in this section shall be construed as limiting the right of the Board of School Trustees to select the carriers for insurances offered on a group basis through this contract.
Section 125 Benefits. The Board shall provide Section 125 Benefits. The Board will select the provider for Section 125 Benefits.
Section 125 Benefits. Teachers may allocate up to the maximum amount allowed by law for the purchase of the following USD #464 approved fringe benefits:
1) Health/dental care
2) Group term life insurance (maximum $30,000)
3) Salary protection insurance
4) Cancer insurance
5) Dependent Care Assistance (IRS Approved Licensed). This is outlined in more detail in the documents "I.R.C. #125 'Cafeteria' Fringe Benefit Plan - Adoption Agreement and Selective Provisions" and "Dependent Care Assistance Plan"
6) Medical expense reimbursement Each teacher must indicate on a form provided by the School District Office the amount to be applied to each of the above prior to September 1st of each school year. Teachers may not change the amount or selection once made for any given contract year except in accordance with state and federal regulations. At the beginning of each school year, or date of employment, the Board shall provide each teacher a copy of the current USD #464 Section #125 Salary Reduction Fringe Benefit Plan which describes the benefit coverage. The information shall include a clear description of conditions and limits of coverage. When requested by the teacher, the district shall make available applications and information about the program. The School District Office shall supervise all deductions and disbursements.
Section 125 Benefits. Benefits provided by Section 125 of the Internal Revenue Code shall be made available to any employee upon written request.
Section 125 Benefits provided to employees by Section 125 of the Internal Revenue Code shall be made available to any Teacher requesting the benefit. Any Teacher so requesting may reduce the Teacher's annual salary up to the IRS maximum allowable amount at the commencement of each plan year for the selection of benefits as are provided pursuant to Section 125 of the Internal Revenue Code. The Corporation shall pay the administrative costs of the plan except for the individual monthly administrative charge which shall be paid by the Teacher.
Section 125 Benefits. The benefits provided by Section 125 of the Revenue Act of 1978 as participated in by the school shall be available to the Employee.
Section 125 Benefits. The School Corporation will provide voluntary payroll deduction for the purpose of permitting teachers to receive benefits as provided by Section 125, Generation 1 and 2 of the Revenue Act of 1978.
Section 125 Benefits. The University will contract with a carrier to serve as Third Party Administrator (TPA) for Section 125, and premium pass-through benefits (premium pass-through, flexible spending and dependent care accounts, etc.). Eligibility for and use of this program shall be governed by IRC Section 125. There shall be no initiation or sign-up fees for employees. Monthly administrative charges, if any, for the TPA shall be paid by payroll deduction by those employees selecting this benefit and shall not increase during the life of this Agreement. Employee contributions under Section 125 shall also be made by payroll deduction to the maximum of $5,000.00 per account. An individual selecting this plan shall participate in the plan from January 1 to December 31.
