Section 125 Provisions Clause Samples
Section 125 Provisions refer to specific rules or requirements set out under Section 125 of a relevant statute, often relating to tax, employment, or regulatory compliance. These provisions typically outline the conditions under which certain actions are permitted or required, such as the administration of employee benefit plans or the handling of specific financial transactions. By clearly defining the obligations and rights of the parties involved, Section 125 Provisions help ensure compliance with legal standards and reduce the risk of misunderstandings or violations.
Section 125 Provisions. The benefits provided to employees by the provisions of Section 125 of the U.S. Internal Revenue Code (Flexible Benefit Plan) shall be provided and made available by the Board through a plan approved by the Employee Benefits Committee. An amount of salary may be set aside by the employee for the selection of non- taxable benefits in accordance with and under Section 125 of the Internal Revenue Code. Any subsequent changes in the plan design, as well as changes required by law, shall be by agreement of the parties to this collective bargaining agreement. All fees shall be paid by the participants. The amount paid to the Indiana State Teachers’ Retirement Fund (ISTRF) for each teacher who participates in Section 125 deductions are made and shall not cause such teacher’s ISTRF contributions to be reduced as a result of participation in Section 125.
Section 125 Provisions. The benefits provided to employees by the provisions of Section 125 of the U.S. Revenue Code (Flexible Benefit Plan), Generation I and Generation II, shall be made available by the Board to all employees. The monthly administrative costs/fees shall be paid by the Board. The amount paid to the Public Employees’ Retirement Fund (PERF) for each employee covered by the Public Employees’ Retirement Fund and who participates in Section 125 shall be based on the employee’s gross earnings before the Section 125 deductions are made and shall not cause such employee’s PERF contributions to be reduced as a result of participation in Section 125.
Section 125 Provisions. The benefits provided to Bus Technicians by the provisions of Section 125 of the U.S. Revenue Code (Flexible Benefit Plan), Generation I and Generation II, shall be made available by the Board to all Bus Technicians. The monthly administrative costs/fees shall be paid by the Board.
Section 125 Provisions. The benefits provided to employees by the provisions of Section 125 of the U. S. Revenue Code (Flexible Benefit Plan) shall be made available by the Board to all employees. Any payroll deductions required by the plan shall be instituted by the Board. Neither the Association nor the Board shall be responsible for the advisability of the plan or its conformity to law. All costs including all monthly administrative costs/fees shall be paid by the Board. The amount paid to the Public Employees Retirement Fund for each employee who participates in Section 125 shall be based on the employee's gross earnings before the Section 125 deductions are made and shall not cause such employee's PERF contributions to be reduced as a result of participation in Section 125.
Section 125 Provisions. Provisions of Section 125 of the Internal Revenue Code (Cafeteria Plan) shall be implemented and offered to all teachers. Tax benefits offered will include:
1. Teacher Paid Premiums for insurance programs.
2. Unreimbursed Medical Care.
3. Dependent Care
4. Program administrative costs. The administrative costs of these programs shall be paid by the teacher.
Section 125 Provisions. Provisions of Section 125 of the Internal Revenue Code (Flexible Benefit Plan) shall be offered to all employees. The administrative costs of these programs shall be paid by the Board.
Section 125 Provisions. The benefits provided to employees by Section 125 of the Revenue Act of 1978 shall be made available to any bargaining unit member. The benefits offered under this program shall include both Generation I and Generation II provisions. Members may enroll in insurance-related programs including, but not limited to medical, long-term disability and Section 79 life. Employees will have the option to enroll in any of the above mentioned insurance programs. Any addition made in the designated enrollments must be made in writing to the Central Office no later than September 30 of any year. Employees beginning employment the second semester may enroll between January 15 and January 30 of any year. The employees agree to pay the monthly fee for those teachers choosing to take part in this program.
Section 125 Provisions. The benefits provided to employees by the provisions of Section 125 of the U. S. Revenue Code (Flexible Benefit Plan) shall be made available by the Board to all employees. The Association shall select the carrier/administrator and the plan. Any payroll deductions required by the plan shall be instituted by the Board. Neither the Association nor the Board shall be responsible for the advisability of the plan or its conformity to law. All costs including all monthly administrative costs/fees shall be paid by the Board.