Tax Sheltered Annuity Program. a. The Board shall make available to all teachers of the Merrillville Community School Corporation, a tax-sheltered annuity program. b. Section 125 Plan Pursuant to Section 125 of the U.S. Internal Revenue Code the Board will provide a Flexible Benefit Spending Plan. This Flexible Benefit Spending Plan allows a teacher to convert his/her contribution toward the group hospitalization, major medical, dental and vision plans to pre-tax dollars. In addition, this Flexible Benefits Spending Plan allows some unreimbursed medical and dependent daycare expenses to also be converted to pre- tax dollars. The costs of the administration of this plan, if any, will be subject to negotiation. (See also Section 11.1)
Appears in 10 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement
