Common use of CAFETERIA BENEFIT PLAN Clause in Contracts

CAFETERIA BENEFIT PLAN. The County’s Cafeteria Benefit Plan, authorized under Section 125 of the Internal Revenue Service (IRS) Code, was established for the purpose of providing eligible employees the ability to elect pre-tax deductions from salary, to the extent permitted by the IRS regulations, to pay for allowable medical and other covered optional benefit expenses. In addition, the County provides employees with a County Allowance in order to offset the cost related to such eligible benefits. During the annual Open Enrollment for each new plan year, or within the first 30 days of employment of becoming eligible, an employee may allocate their County Allowance and/or pre-tax deductions from salary towards eligible plans as follows: a. Medical; b. Vision; c. Supplemental Employee Group Life Insurance and Group Accidental Death and Dismemberment Insurance, and d. Flexible Spending Accounts for Health Care (Health FSA); Dependent Care; and Adoption Assistance. The cost and maximum contributions for these benefits are outlined in the County’s Employee Benefits Handbook. Employees shall continue to participate in the Cafeteria Benefit Plan, subject to any amendments/changes that may occur at the sole discretion of the Board of Supervisors.