Common use of Section 125 Benefits Clause in Contracts

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.