Section 125 Flexible Spending Sample Clauses

Section 125 Flexible Spending. The BOARD will extend Section 125 flexible spending benefits to its full-time TEACHERS. Coverage will extend to qualified benefits under Section 125 of the Internal Revenue Code for qualified health care and dependent care expenses.
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Section 125 Flexible Spending. The BOARD will extend Section 125 flexible spending benefits to its full-time employees. Coverage will extend to qualified benefits under Section 125 of the Internal Revenue Code for qualified health care and dependent care expenses.
Section 125 Flexible Spending. ‌ District 47 will extend Section 125 spending benefits to its full-time employees. Coverage will extend to qualified benefits under Section 125 of the Internal Revenue Code for qualified health care and dependent care expenses.
Section 125 Flexible Spending. Plan 7 8 The District agrees to make available a plan qualified under Internal Revenue Code Section 125. Under 9 this plan, unit members may voluntarily elect reductions in their taxable wages for the purpose of 10 eligibility for reimbursement of qualifying medical costs, including employee’s shares of health 11 insurance premiums, and dependent care. Reimbursements shall be limited to the amount of reduction 12 in taxable salary elected by the employee. Participation limits shall be defined under the Internal 13 Revenue Code.
Section 125 Flexible Spending. Employees may participate in the county-wide Section 125 Flexible Spending Plan which currently includes deductions for health insurance premium contributions and co-pays, child care expenses and other medical expenses.

Related to Section 125 Flexible Spending

  • Flexible Spending The Board shall make flexible spending accounts available to employees in the bargaining unit.

  • Flexible Spending Account The parties agree that the State shall have the right to use State Employee Health Plan funds to cover the administrative costs of operating the medical and dependent care flexible spending account programs.

  • Flexible Spending Accounts Employees in the unit shall have access to the County’s flexible spending account program, which provides employees with the options of dependent care assistance benefits with a calendar year maximum of $5,000, and medical expense reimbursement benefits with a calendar year maximum of $2,400. The County shall maintain this plan in compliance with IRC §125. Employee premiums for flexible spending account benefits shall be deducted on a pre-tax basis from employee pay.

  • Section 125 Plan The Trustees shall continue the Section 125 plan to allow pretax treatment of the employee’s share of health and dental insurance premiums. The plan will be available as soon as practicable, but no later July 1, 1998. The plan will be amended to include a medical reimbursement account and a dependent care reimbursement account to be available for enrollment no earlier than July 1, 2003, but no later than December 31, 2003.

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