Vision Care Contributions Sample Clauses

Vision Care Contributions. For each employee enrolled in the Association-provided vision insurance, the City shall contribute the following amounts through the Flexible Spending Account for vision care insurance coverage: $225.00 for 7/1/17 through 12/31/17 $450.00 for 1/1/18 through 12/31/18 $450.00 for 1/1/19 through 12/31/19 $450.00 for 1/1/20 through 12/31/20 $225.00 for 1/1/21 through 6/30/21 The contribution shall be made on or about January 15th of each year and shall be made payable to SPPEA on behalf of the employees. The SPPEA shall acquire and administer a Vision Care Plan for Association Members and the city contribution shall be applied to that plan. New employees shall receive a prorated vision care contribution based on hire date as follows: Hire Date 7/1-9/30 10/1-12/31 1/1-3/31 4/1-6/30 FY 17/18 225.00 112.50 450 337.50 FY 18/19 225.00 112.50 450 337.50 FY 19/20 225.00 112.50 450 337.50 FY 20/21 225.00 112.50 225 112.50 Effective July 1, 2012, employees who work on a reduced work schedule shall be required to pay the prorated portion of the medical premium. In-lieu medical and vision care and other reimbursable expense amount, including this Flexible Spending Account contribution, will also be prorated.
Sample 1
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Vision Care Contributions. The contribution shall be made on or about January 15th of each year and shall be made payable to SPPEA on behalf of the employees. The SPPEA shall acquire and administer a Vision Care Plan for Association Members and the city contribution shall be applied to that plan. $225.00 for 7/1/11 through 12/31/11 $450.00 for 1/1/12 through 12/31/12 $450.00 for 1/1/13 through 12/31/13 $225.00 for 1/1/14 through 6/30/14 New employees shall receive a prorated vision care contribution based on hire date as follows: Hire Date 7/1-9/30 10/1-12/31 1/1-3/31 4/1-6/30 FY 11/12 FY 12/13 FY 13/14 225.00 225.00 225.00 112.50 112.50 112.50 450 450 225 337.50 337.50 112.50 In accordance with IRS Section 125 regulations, any unused amounts under the Flexible Benefit plan shall not be reimbursed to the employee, should employee fail to submit proof of eligible reimbursable expenses during a calendar year while the Memorandum of Understanding is in effect. Any unused amounts in a employee's Flexible Benefit Account cannot be rolled over to the next calendar year.
Sample 1

Related to Vision Care Contributions

  • DEPENDENT CARE REIMBURSEMENT ACCOUNT During the term of this MOU, Management agrees to maintain a Dependent Care Reimbursement Account (DCRA), qualified under Section 129 of the Internal Revenue Code, for active employees who are members of LACERS, provided that sufficient enrollment is maintained to continue to make the account available. Enrollment in the DCRA is at the discretion of each employee. All contributions into the DCRA and related administrative fees shall be paid by employees who are enrolled in the plan. As a qualified Section 129 Plan, the DCRA shall be administered according to the rules and regulations specified for such plans by the Internal Revenue Service.

  • Health Care Savings Plan As provided in this Agreement, eligible ASF Members will participate in the health care savings plan (HCSP) established under Minnesota Statute 352.98, and as administered by the Plan Administrator. The Employer is responsible only for transferring funds, as specified in this agreement, to the Plan Administrator.

  • Pension Contributions While on Short Term Disability Contributions for OMERS Plan Members When an employee/plan member is on short-term sick leave and receiving less than 100% of regular salary, the Board will continue to deduct and remit OMERS contributions based on 100% of the employee/plan member’s regular pay.

  • Dependent Care Expense Account The Employer agrees to provide insurance eligible employees with the option to participate in a dependent care reimbursement program for work-related dependent care expenses on a pretax basis as permitted by law or regulation.

  • Health Care Spending Account After six (6) months of permanent employment, full time and part time (20/40 or greater) employees may elect to participate in a Health Care Spending Account (HCSA) Program designed to qualify for tax savings under Section 125 of the Internal Revenue Code, but such savings are not guaranteed. The HCSA Program allows employees to set aside a predetermined amount of money from their pay, not to exceed the maximum amount authorized by federal law, per calendar year, of before tax dollars, for health care expenses not reimbursed by any other health benefit plans. HCSA dollars may be expended on any eligible medical expenses allowed by Internal Revenue Code Section 125. Any unused balance is forfeited and cannot be recovered by the employee.

  • Contribution Formula Health Coverage a. Faculty Member Coverage. For faculty member health coverage for the 2018 2022 and 2019 2023 plan years, the Employer contributes an amount equal to ninety-five percent (95%) of the employee- only premium of the Minnesota Advantage Health Plan (Advantage).

  • Dependent Care Salary Reduction Plan The Employer agrees to maintain the current dependent care salary reduction plan that allows eligible employees, covered by this Agreement, the option to participate in a dependent care reimbursement program for work-related dependent care expenses on a pretax basis as permitted by federal tax law or regulation.

  • Employee Contributions (a) Each participant shall be allowed to contribute on a bi-weekly basis up to an amount equal to eighty percent (80%) of the Participant’s wage. Such bi-weekly wage deductions shall be in increments of one percent (1%) and shall be contributed to the Participant’s account. The participant may contribute on a pre-tax, after-tax, Xxxx basis or any combination.

  • Pension Contributions 19.2.3.1 Unless required by law to commence receiving a pension prior to the Member’s actual retirement date (i.e., currently December 31 of the year in which the Member attains age sixty-nine (69)) the Member who postponed retirement beyond his or her TRD will continue to make pension contributions.

  • Retirement Contributions On behalf of employees, the State will continue to “pick up” the six percent (6%) employee contribution, payable pursuant to law. The parties acknowledge that various challenges have been filed that contest the lawfulness, including the constitutionality, of various aspects of PERS reform legislation enacted by the 2003 Legislative Assembly, including Chapters 67 (HB 2003) and 68 (HB 2004) of Oregon Laws 2003 (“PERS Litigation”). Nothing in this Agreement shall constitute a waiver of any party’s rights, claims or defenses with respect to the PERS Litigation.

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