Voluntary Flexible Spending Plan. The District shall establish a payroll reduction plan for bargaining unit employees pursuant to the Internal Revenue Service (IRS) Code (Sections 125 and 129). Should the administration of such plan be handled by an entity other than the employer, the third (3rd) party administrator shall be jointly selected by the Jamesville-XxXxxx Faculty Association and the District. Such plan shall be made available to employees for dependent care and unreimbursed medical expenses. The Jamesville-XxXxxx Faculty Association shall participate through its representative(s) in the plan management and shall jointly determine with the employer such matters as the distribution of the funds and plan use reporting procedures. Group insurance premium portion made available as soon as possible, but no later than July 1, 1991. Dependent care and unreimbursed medical expenses account made available as soon as District has payroll system capability to handle such.
Appears in 4 contracts
Samples: Negotiated Agreement, Negotiated Agreement, ecommons.cornell.edu
