Dependent Care Assistance definition

Dependent Care Assistance means the direct payment to the participant or reimbursement to the participant for the payment of those services which are considered employment related expenses under Section 21(b)(2) of the Internal Revenue Code (relating to expenses for household and dependent care services necessary for gainful employment).
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Dependent Care Assistance means dependent care assistance as this term is defined in Sections 129 (e) (1) and 21 (b) of the Internal Revenue Code as amended from time to time. As of the effective date of this Plan, dependent care assistance includes the expenses incurred by an eligible employee for household services or for services for the care of certain "qualifying individuals" in order to enable the employee to gainfully employed.
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Examples of Dependent Care Assistance in a sentence

  • The County offers the option of enrolling in a Dependent Care Assistance Program (DCAP) designed to qualify for tax savings under Section 129 of the Internal Revenue Code, but such savings are not guaranteed.

  • The Employer shall continue the voluntary Dependent Care Assistance Plan (DCAP), which complies with the requirement for federal tax deductibility.

  • Benefits offered by SEBB include, but are not limited to, medical, dental, vision, long-term disability, life insurance, a Medical Flexible Spending Arrangement (FSA) and a Dependent Care Assistance Program (DCAP).

  • The County provides a Dependent Care Assistance Program subject to the limitations and maximums as stipulated under law.

  • All full-time faculty members shall be given the opportunity to participate in a Dependent Care Assistance Plan established by the administration.

  • Employees should consult this handbook before electing to participate in the Dependent Care Assistance Plan.

  • The purpose of this Section 125 Dependent Care Assistance Plan (DCAP) is to permit eligible employees to make an election to pay for certain dependent care expenses with salary reduction from compensation contributed to the Plan before federal income or social security taxes are paid to the Internal Revenue Service (“Salary Reduction”) in accordance with Sections 125 and 129 of the Internal Revenue Code (IRC) of 1986 and regulations issued pursuant thereto.

  • This agreement (1) is subject to the terms of the employer's Flexible Benefits Plan, Medical Care Reimbursement Plan and/or Dependent Care Assistance Plan in effect as amended from time to time, (2) shall be governed by and construed in accordance with applicable laws, (3) shall take effect as a sealed instrument under applicable laws, and (4) to the extent allowed by law, revokes any prior election and compensation redirection agreement relating to such plan(s) for the corresponding Plan Year.

  • R.S. Rules and Regulations, each employee covered by this AGREEMENT may individually elect to participate in the Dependent Care Assistance Program provided by the EMPLOYER.

  • For so long as such plans exist, all employees who are employed in a regular .5 FTE or greater position in the bargaining unit shall be eligible for participation in the County Medical Reimbursement Plan and the Dependent Care Assistance Plan.