125 Plan. The Board will maintain a Section 125 plan for premiums only in addition to a flexible account that includes eligible medical expenses and dependent care expenses with participating employees paying whatever the administrative charge is to run the 125 Plan.
125 Plan. The District will maintain a Section 125 plan for premiums only and effective by the implementation for the health insurance plan changes, the District will convert to a flexible account that includes eligible medical expenses and dependent care expenses with participating employees paying whatever the administrative charge is to run the 125 Plan.
125 Plan. The Employer and designated Representatives of the Classified Units agree to work together to maintain and improve participation in the IRC 125 Plan. The parties will work in conjunction with an outside consultant as appropriate and in keeping with legal requirements.
125 Plan. The benefits provided by Section 125 of the Revenue Act of 1978 shall be made available to any Professional Staff Member so requesting that their benefit elections be non-taxable. An amount not to exceed 50% of salary may be set aside by the Professional Staff Member for the selection of benefits, under Section 125 of the Internal Revenue code, which includes: Part A - Insurance premiums on payroll deduction Part B - Medical spending account Part C - Dependent care account The medical spending account shall be a limited purpose plan covering only dental and vision.
125 Plan. The School District shall provide an IRS 125 plan available to all teachers in the District, to be utilized at the teacher’s option.
125 Plan. The District agrees to continue offering a 125 Plan for full- and part-time employees.
125 Plan. The Board of Education will make available to each member of the Association a 125 Plan. The plan will annuitize the medical insurance premium, medical expenses and dependent care. The Xxxxx Board of Education reserves the right to select and administer the plan in accordance with state and federal laws, rules, and regulations.
125 Plan. Each nurse covered by this agreement shall have the option of participating in an IRS Section 125 Flexible Benefit Plan. The administration and participation costs of this benefit shall be paid for by the Board of Education. This fund shall be administered according to law.
125 Plan. The City agrees to implement a 125 reimbursement plan to allow pre-tax dollars to be utilized in the payment of employee’s portion of medical, dental and insurance premiums, medical expenses and dependent care expenses. The City shall arrange for a plan administrator for dependent care provision of the City's 125 Plan, provided all costs are paid by the employees who participate.
125 Plan. 28 Beyond the above modification in the contract, the District will 29 make provisions for the unit members to take part in the Internal 30 Revenue Code (IRC) Section 125 Plan.
