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.
1. The BOARD will have the right to select the administrating agent of the IRS Section 125 individual accounts.
2. Each full-time TEACHER may take the maximum payroll deduction for medical expenses and the maximum payroll deduction for dependent care expenses that are allowable under the IRS regulation. It remains the full-time TEACHER’S responsibility to make sure that the deduction meets the IRS regulation.
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. 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.
(1) The BOARD will have the right to select the administrating agent of the IRS Section 125 individual accounts.
(2) Each full-time employee may take the maximum payroll deduction for medical expenses and the maximum payroll deduction for dependent care expenses that are allowable under the IRS regulation. It remains the full-time employee’s responsibility to make sure that the deduction meets the IRS regulation.
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.
Section 125 Flexible Spending. District 47 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.
a. District 47 will have the right to select the administrating agent of the IRS Section 125 individual accounts.
b. Each full-time employee may take the maximum payroll deduction for medical expenses and the maximum payroll deduction for dependent care expenses that are allowable under the IRS regulation. It remains the full-time employee’s responsibility to make sure that the deduction meets the IRS regulation.
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.