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.
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Unallocated and/or Unused Funds. Failure by employees to allocate their County Allowance to the eligible benefits noted in subsection 6.F. 13.E. (Cafeteria Benefit Plan) above), 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.
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Samples: Sideletters of Agreement
Unallocated and/or Unused Funds. Failure by employees to allocate their County Allowance to the eligible benefits noted in subsection 6.F. 9.E. (Cafeteria Benefit Plan) above, 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-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.
Appears in 1 contract
Samples: Sideletter of Agreement
Unallocated and/or Unused Funds. Failure by employees to allocate their County Allowance to the eligible benefits noted in subsection 6.F. 14.E. (Cafeteria Benefit Plan) above, 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-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.
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Samples: permits.acgov.org