Unallocated and/or Unused Funds. Failure by the employee to allocate his or her ACFD Allowance to the eligible benefits noted in subsection 11.F. (Cafeteria Benefit Plan) above within the stated timeframe will result in having the unallocated funds deposited into the employee’s Health Care FSA pursuant to IRS regulations. Unallocated ACFD Allowance funds exceeding the maximum amount pursuant to IRS regulations shall be paid out in the form of an after-tax earnings on a bi-weekly basis. Any remaining unspent funds in any of the FSAs (Health Care, and/or Dependent Care) at the end of the year, including salary contributions, are ACFD funds.
Unallocated and/or Unused Funds. Failure by employees to allocate their County Allowance to the eligible benefits noted in subsection 6.F. (Cafeteria Benefit Plan) above, within the stated timeframe will result in having the unallocated County Allowance funds, up to a maximum of five hundred dollars ($500), deposited into the employee’s Health Care FSA pursuant to the IRS regulations. Unallocated County Allowance funds exceeding five hundred dollars ($500) shall be paid as after-tax earnings on a semi-monthly basis. Any remaining unspent funds in any of the FSAs (Health Care, Dependent Care, and/or Adoption Assistance) at the end of the year, including salary contributions, are County funds and shall not be reimbursed to employees.
Unallocated and/or Unused Funds. Failure by the employee to allocate his or her County Allowance to the eligible benefits noted in subsection 11.G. (Cafeteria Benefit Plan) above within the stated timeframe will result in having the unallocated funds, up to a maximum of five hundred dollars ($500), deposited into the employee’s Health Care Flexible Spending Account pursuant to the IRS regulations. Unallocated County Allowance funds exceeding five hundred dollars ($500) shall be paid out in the form of an after-tax earnings on a semi-monthly basis. Any remaining unspent funds in any of the Flexible Spending Accounts (Health Care, Dependent Care, and/or Adoption Assistance) at the end of the year, including salary contributions, are County funds.
Unallocated and/or Unused Funds. Failure by the employee to allocate his or her ACFD Allowance to the eligible benefits noted in subsection 11.E. (Cafeteria Benefit Plan) above within the stated timeframe will result in having the unallocated funds, up to a maximum of five hundred dollars ($500), deposited into the employee’s Health Care Flexible Spending Account pursuant to IRS regulations. Unallocated ACFD Allowance funds exceeding five hundred dollars ($500) shall be paid out in the form of an after-tax earnings on a semi-monthly basis. Any remaining unspent funds in any of the Flexible Spending Accounts (Health Care, and/or Dependent Care) at the end of the year, including salary contributions, are ACFD funds.
