Common use of Section 125 Benefits Clause in Contracts

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 benefits provided to employees by Section 125 of the Revenue Act of 1978 shall be made available to any bargaining unit member administrator so requesting. An amount not to exceed the legal limit total salary may be set aside by the employee for the selection of benefits, under Section 125 of the Internal Revenue Code, which are non- non-taxable benefits of major medical, long term disabilitydental, short term disabilityvision, Section 79 Lifecancer, and accident insurances, non-reimbursed medicalmedical expenses, and dependent carecare expenses. 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 administrators 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 contractbasis.