Common use of Section 125 Plan (“Cafeteria Plan”) Clause in Contracts

Section 125 Plan (“Cafeteria Plan”). A. The Board shall establish a “Cafeteria Plan” that is designed to (a) allow members who must make member contributions for health care coverage to elect to do so on a pre-tax basis, (b) allow members to elect to receive additional cash in lieu of Board paid health care coverage (as agreed to by the Board and the PEA), and (c) allow members to elect to participate in the dependent care and medical care flexible spending accounts (FSAs) described in paragraph (C) below. In accordance with the foregoing, the Waiver of Coverage (Section 24.7) provisions of this Agreement shall be made through the Cafeteria Plan. B. The Cafeteria Plan will be designed to meet the requirements of Internal Revenue Code (IRC) Section 125 and applicable regulations. Accordingly, each member will have an opportunity on an annual basis to enroll in the Cafeteria Plan. The election to participate must be submitted during an enrollment period specified by the Plan Administrator before the beginning of the plan year (January 1st through December 31st). Any member employed after the enrollment period may enroll in the Section 125 Plan using the same timelines as enrolling for insurance coverage and, for the first year of employment. The enrollment in the Section 125 Plan may not be revoked during the current plan year unless there is a change in the member’s circumstances that, in accordance with IRC Section 125, permits the member to change his/her election under the plan (e.g., divorce, death of spouse, change in employment status including employment status affecting a spouse or dependent, birth or adoption of a child, a child losing eligibility for coverage, a court order requiring coverage, or other enrollment rights consistent with federal law). If revoked, any account balance will be governed by paragraph C.iii. Details of the Cafeteria Plan will be provided on an annual basis at the time of enrollment and will also be available through the Board Treasurer’s office.

Section 125 Plan (“Cafeteria Plan”). A. 1. The Board shall establish establish, a “Cafeteria Plan” ―Cafeteria Plan‖ that is designed to (a) allow members teachers who must make member employee contributions for health care coverage to elect to do so on a pre-tax basis, (b) allow members teachers to elect to receive additional cash in lieu of Board paid health care coverage (as agreed to by the Board and the PEAAssociation), and (c) allow members teachers to elect to participate in the dependent care and medical care flexible spending accounts (FSAs―FSAs‖) described in paragraph (C) Paragraphs 3 & 4 below. In accordance with the foregoing, the Waiver Payment in Lieu of Insurance Coverage (Section 24.7Paragraph F., below) provisions of this Agreement shall be made through the Cafeteria Plan. B. 2. The Cafeteria Plan will be designed to meet the requirements of Internal Revenue Code (IRC―IRC‖) Section 125 and applicable regulations. Accordingly, each member teacher will have an opportunity on an annual basis to enroll in the Cafeteria Plan. The election to participate must be submitted during an enrollment period specified by the Plan Administrator at least ten (10) business days before the beginning of the plan year (January October 1st through December 31stSeptember 30th). Any member employed Each teacher hired after the enrollment period September 15th may enroll in the Section 125 Plan using the same timelines as enrolling for insurance coverage and, for the within his/her first sixty (60) days of employment and during his/her first year of employmentemployment only. The enrollment in Section 125 Plan year will begin the first month following the teacher’s first sixty (60) days of employment and will end on the following September 30th. The Section 125 Plan may not be revoked during the current plan year unless there is a change in the memberteacher’s circumstances that, in accordance with IRC Section 125, permits the member teacher to change his/her election under the plan (e.g., divorce, death of a spouse, change in employment status including employment status affecting a spouse or dependent, birth or adoption of a child, a child losing eligibility for coverage, a court order requiring coverage, or other enrollment rights consistent with federal law). If revoked, any account balance will be governed by paragraph C.iii5 below (Forfeiture of Unused Allocations). Details of the Cafeteria Plan will be provided on an annual basis at the time of enrollment and will also be available through the Board Treasurer’s officeOffice. 3. Dependent Care FSA a. Under the Cafeteria Plan, each teacher will be allowed to make a pre-tax ―salary reduction‖ election up to the maximum amount allowable under IRC Section 129 (currently $5,000 per year), and receive a corresponding credit under a dependent care FSA. Under the dependent care FSA, reimbursement may be received for dependent care expenses described in IRC Section 129. b. The salary reduction and corresponding credits will be made and issued in eighteen (18) equal installments, beginning with the last pay in October. c. No teacher may be entitled to reimbursement from the dependent care account in excess of the amount credited to the account.

Section 125 Plan (“Cafeteria Plan”). A. 1. The Board shall establish maintain a “"Cafeteria Plan” " that is designed to (a) allow members teachers who must make member employee contributions for health care coverage to elect to do so on a pre-tax basis, and (b) allow members teachers to elect to receive additional cash in lieu of Board paid health care coverage (as agreed to by the Board and the PEA), B.E. A. and (c) allow members teachers to elect to participate in the dependent care and medical care flexible spending accounts (“FSAs”) described in paragraph (C) Paragraphs 3 & 4 below. In accordance with the foregoing, the Waiver of Coverage (Section 24.7) provisions of this Agreement shall be made through the Cafeteria Plan. B. 2. The Cafeteria Plan will be designed designated to meet the requirements of Internal Revenue Code ("IRC") Section 125 and applicable regulations. The Plan Year of the Cafeteria Plan shall be October 1 through the following September 30. Accordingly, each member teacher will have an opportunity on an annual basis to enroll in the Cafeteria Plan. The open enrollment dates for pre-tax and after-tax deductions are from September 1st – 15th each year. The election to participate must be submitted during an enrollment period specified by the Plan Administrator on or before the beginning September 15th of the plan each school year (January 1st through December 31st). Any member employed after the enrollment period may enroll in the Section 125 Plan using the same timelines as enrolling for insurance coverage and, for the first year of employment. The enrollment in the Section 125 Plan and may not be revoked during the current plan year Plan Year, unless there is a change in the member’s teacher's circumstances that, in accordance with IRC Section 125, permits the member teacher to change his/her election under the plan (e.g., divorce, death of spouse, change in employment status including employment status affecting a spouse or dependent, birth or adoption of a child, a child losing eligibility for coverage, a court order requiring coverage, or other enrollment rights consistent with federal law). If revoked, any account balance will be governed by paragraph C.iii. Details of the Cafeteria Plan will be provided on an annual basis at the time of enrollment and will also be available through the Board Treasurer’s office's Office. 3. Dependent Care FSA a. Under the Cafeteria Plan, each teacher will be allowed to make a pre-tax “salary reduction” election up to the maximum amount allowable under IRC Section 129 (currently $5,000 per year), and receive a corresponding credit under a dependent care FSA. Under the dependent care FSA, reimbursement may be received for dependent care expenses described in IRC Section 129. b. The salary reduction and corresponding credits will be made and issued in eighteen (18) equal installments, beginning with the last pay in October. c. No teacher may be entitled to reimbursement from the dependent care account in excess of the amount credited to the account.

Section 125 Plan (“Cafeteria Plan”). A. 1. The Board shall establish has established a “"Cafeteria Plan” " that is designed to (a) allow members employees who must make member employee contributions for health care coverage to elect to do so on a pre-tax basis, (b) allow members employees to elect to receive additional cash in lieu of Board paid health care coverage (as agreed to by the Board and the PEAAssociation.), and (c) allow members employees to elect to participate in the dependent care and medical care flexible spending accounts (“FSAs”) described in paragraph (C) 3 below. In accordance with the foregoing, the Waiver Payment in Lieu of Insurance Coverage (Section 24.7Article 21.J.) provisions of this Agreement shall be made through the Cafeteria Plan. B. 2. The Cafeteria Plan will be designed to meet the requirements of Internal Revenue Code (“IRC”) Section 125 and applicable regulations. Accordingly, each member employee will have an opportunity on an annual basis to enroll in the Cafeteria Plan. The election to participate must be submitted during an enrollment period specified by the Plan Administrator at least ten (10) business days before the beginning of the plan year (January October 1st through December 31stSeptember 30th). Any member employed Each employee hired after the enrollment period September 15th may enroll in the Section 125 Plan using the same timelines as enrolling for insurance coverage and, for the within his/her first sixty (60) days of employment and during his/her first year of employmentemployment only, the Section 125 Plan year will begin the first of the month following the employee's first sixty (60) days of employment and will end on the following September 30th. The enrollment in the Section 125 Plan may not be revoked during the current plan year (October 1st through September 30th) unless there is a change in the member’s employee's circumstances that, in accordance with IRC Section 125, permits the member employee to change his/her election under the plan (e.g., divorce, death of spouse, change in employment status including employment status affecting a spouse or dependent, birth or adoption of a child, a child losing eligibility for coverage, a court order requiring coverage, or other enrollment rights consistent with federal law). If revoked, any account balance will be governed by paragraph C.iii5 below (Forfeiture of Unused Allocations). Details of the Cafeteria Plan will be provided on an annual basis at the time of enrollment and will also be available through the Board Treasurer’s 's office.

Section 125 Plan (“Cafeteria Plan”). A. The FSA/Section 125 plan will be complied with. a. By October 1, 2008, the Board shall establish establish, a “Cafeteria Plan” that is designed to (a) allow members employees who must make member employee contributions for health care coverage to elect to do so on a pre-tax basis, and (b) allow members to elect to receive additional cash in lieu of Board paid health care coverage (as agreed to by the Board and the PEA), and (c) allow members employees to elect to participate in the dependent care and medical care flexible spending accounts (“FSAs”) described in paragraph (C) 3 below. In accordance with the foregoing, the Waiver any payments in lieu of Coverage (Section 24.7) provisions of insurance coverage provided by this Agreement shall be made through the Cafeteria Plan. B. b. The Cafeteria Plan will be designed to meet the requirements of Internal Revenue Code (“IRC”) Section 125 and applicable regulations. Accordingly, each member employee will have an opportunity on an annual basis to enroll in the Cafeteria Plan. The election to participate must be submitted during an enrollment period specified by the Plan Administrator at least ten (10) business days before the beginning of the plan year (January October 1st through December 31stSeptember 30th). Any member employed Each employee hired after the enrollment period September 15th may enroll in the Section 125 Plan using the same timelines as enrolling for insurance coverage and, for the within his/her first sixty (60) days of employment and during his/her first year of employmentemployment only, the Section 125 Plan year will begin the first of the month following the employee’s first sixty (60) days of employment and will end on the following September 30th. The enrollment in the Section 125 Plan may not be revoked during the current plan year (October 1st through September 30th) unless there is a change in the memberemployee’s circumstances that, in accordance with the IRC Section 125, permits the member employee to change his/her election under the plan (e.g., divorce, death of spouse, change in employment status including employment status affecting a spouse or dependent, birth or adoption of a child, a child losing eligibility for coverage, a court order requiring coverage, or other enrollment rights consistent with federal law). If revoked, any account balance will be governed by paragraph C.iii5 below (Forfeiture of Unused Allocations). Details of the Cafeteria Plan will be provided on an annual basis at the time of enrollment and will also be available through the Board Treasurer’s office. c. Dependent Care FSA (1) Under the Cafeteria Plan, each employee will be allowed to make a pre-tax “salary reduction” election up to the maximum amount allowable under IRC Section 129, and receive a corresponding credit under a dependent care FSA. Under the dependent care FSA, reimbursement may be received for dependent care expenses described in IRC Section 129. (2) The salary reduction and corresponding credits will be made and issued in eighteen (18) equal installments, beginning with the last pay in October, and 24 equal installments thereafter. (3) No employee may be entitled to reimbursement from the dependent care account in excess of the amount credited to the account. d. Health Care FSA (1) Under the Cafeteria Plan, each employee will be allowed to make a separate pre-tax “salary reduction” election up to a maximum amount of $4,000 per year (exclusive of any employee contributions for health coverage), and receive a corresponding credit under a health care FSA. Under the health care FSA, reimbursement may be received for medical expenses (under IRC Section 213) that are not otherwise reimbursable by the health care plans of the Board or of another employer. (2) The salary reduction shall be made in eighteen (18) equal installments beginning with the last pay in October, and 24 equal installments thereafter. e. Forfeiture of Unused Allocations f. The Board shall be the administrator of the Cafeteria Plan, but may delegate administration to the Board Treasurer’s office and/or a third party administrator. Any administrative costs associated with a third party administrator will be offset by a service fee of $2.50 per pay per participating employee.

Section 125 Plan (“Cafeteria Plan”). A. 1. The Board shall establish establish, a “Cafeteria Plan” that is designed to (a) allow members teachers who must make member employee contributions for health care coverage to elect to do so on a pre-tax basis, (b) allow members teachers to elect to receive additional cash in lieu of Board paid health care coverage (as agreed to by the Board and the PEAAssociation), and (c) allow members teachers to elect to participate in the dependent care and medical care flexible spending accounts (“FSAs”) described in paragraph (C) Paragraphs 3 & 4 below. In accordance with the foregoing, the Waiver Payment in Lieu of Insurance Coverage (Section 24.7Paragraph F., below) provisions of this Agreement shall be made through the Cafeteria Plan. B. 2. The Cafeteria Plan will be designed to meet the requirements of Internal Revenue Code (“IRC”) Section 125 and applicable regulations. Accordingly, each member teacher will have an opportunity on an annual basis to enroll in the Cafeteria Plan. The election to participate must be submitted during an enrollment period specified by the Plan Administrator at least ten (10) business days before the beginning of the plan year (January October 1st through December 31stSeptember 30th). Any member employed Each teacher hired after the enrollment period September 15th may enroll in the Section 125 Plan using the same timelines as enrolling for insurance coverage and, for the within his/her first sixty (60) days of employment and during his/her first year of employmentemployment only. The enrollment in Section 125 Plan year will begin the first month following the teacher’s first sixty (60) days of employment and will end on the following September 30th. The Section 125 Plan may not be revoked during the current plan year unless there is a change in the memberteacher’s circumstances that, in accordance with IRC Section 125, permits the member teacher to change his/her election under the plan (e.g., divorce, death of a spouse, change in employment status including employment status affecting a spouse or dependent, birth or adoption of a child, a child losing eligibility for coverage, a court order requiring coverage, or other enrollment rights consistent with federal law). If revoked, any account balance will be governed by paragraph C.iii5 below (Forfeiture of Unused Allocations). Details of the Cafeteria Plan will be provided on an annual basis at the time of enrollment and will also be available through the Board Treasurer’s officeOffice. 3. Dependent Care FSA a. Under the Cafeteria Plan, each teacher will be allowed to make a pre-tax “salary reduction” election up to the maximum amount allowable under IRC Section 129 (currently $5,000 per year), and receive a corresponding credit under a dependent care FSA. Under the dependent care FSA, reimbursement may be received for dependent care expenses described in IRC Section 129. b. The salary reduction and corresponding credits will be made and issued in eighteen (18) equal installments, beginning with the last pay in October. c. No teacher may be entitled to reimbursement from the dependent care account in excess of the amount credited to the account.