Common use of Cafeteria Benefit Clause in Contracts

Cafeteria Benefit. A. Employees in the Unit shall be provided with a Cafeteria Plan which will be administered by the City pursuant to Section 125 of the Internal Revenue Code. B. The Cafeteria Plan is designed to give employees the flexibility to choose various benefits. The cafeteria plan gives employees a set dollar amount in which the employee may access any amount up to the maximum City contribution, which is outlined in Section C. Employees have the choice of applying Cafeteria Plan dollars to purchase health, and dental benefits provided through City plans. The employee may also choose to opt out provision of the cafeteria plan as outlined in Section D. C. The City’s contribution to the Cafeteria Plan to go towards the employee’s contributions for health, vision, and dental insurance premiums shall be as follows: a. Sworn employees hired on or before June 11, 2018 shall receive One thousand, four hundred dollars ($1,400) per month, b. Non-sworn employees hired on or before June 11, 2018 shall receive One thousand, three hundred dollars ($1,300) per month. c. Effective June 12, 2018 All newly hired employees into the Rialto Police Benefit Association – Management Unit shall be provided a monthly cafeteria allowance up to One thousand, four hundred dollars ($1,400) for sworn and One thousand, three hundred dollars (1,300) for non-sworn. Employee’s not exhausting the allowance for medical insurance premiums will not receive a cash back difference. D. Opt-out provision. The opt out provision will allow employees to receive a dollar amount that is not utilized to purchase any of the health, vision, or dental benefits through the City, which said dollar amount is up to one thousand two hundred fifty dollars ($1,250) for sworn employees hired on or before June 11, 2018, and up to one thousand two hundred dollars ($1,200) for non- sworn employees hired on or before June 11, 2018. Effective June 12, 2018 all newly hired employees into the Rialto Police Benefit Association – Management Unit electing to opt-out of medical coverage shall be provided a limited $100.00 per pay period opt-out allowance for not using medical insurance. Documentation is required to verify that the employee has obtained insurance outside of the City or is receiving insurance through his or her spouse’s (‘Spouse’ includes registered domestic partners throughout this MOU so long as required by California law) plan before the employee may opt out. Employees may use some of the amount for benefits, with any remaining amount paid out to the employee.

Appears in 1 contract

Sources: Memorandum of Understanding

Cafeteria Benefit. A. Employees in the Unit shall be provided with a Cafeteria Plan which will be administered by the City pursuant to Section 125 of the Internal Revenue Code. B. The Cafeteria Plan is designed to give employees the flexibility to choose various benefits. The cafeteria plan gives employees a set dollar amount in which the employee may access any amount up to the maximum City contribution, which is outlined in Section C. Employees have the choice of applying Cafeteria Plan dollars to purchase health, and dental benefits provided through City plans. The employee may also choose to opt out provision of the cafeteria plan as outlined in Section D. C. The City’s contribution to the Cafeteria Plan to go towards the employee’s contributions for health, vision, and dental insurance premiums shall be as follows: a. Sworn employees hired on or before June 11, 2018 shall receive One thousand, four hundred dollars ($1,400) per month, b. Non-sworn employees hired on or before June 11, 2018 shall receive One thousand, three hundred dollars ($1,300) per month. c. Effective June 12, 2018 All newly hired employees into the Rialto Police Benefit Association – Management Unit shall be provided a monthly cafeteria allowance up to One thousand, four hundred dollars ($1,400) for sworn and One thousand, three hundred dollars (1,300) for non-sworn. Employee’s not exhausting the allowance for medical insurance premiums will not receive a cash back difference. d. Effective June 1, 2022 All represented employees in the Rialto Police Benefit Association – Management Unit shall be provided a monthly cafeteria allowance up to One thousand, five hundred fifty dollars ($1,550). Employees that are hired on or after June 12, 2018, that do not exhaust the allowance for medical insurance premiums will not receive a cash back difference. D. Opt-out provision. The opt out provision will allow employees to receive a dollar amount that is not utilized to purchase any of the health, vision, or dental benefits through the City, which said dollar amount is up to one thousand two hundred fifty dollars ($1,250) for sworn employees hired on or before June 11, 2018, and up to one thousand two hundred dollars ($1,200) for non- sworn employees hired on or before June 11, 2018. Effective June 12, 2018 all newly hired employees into the Rialto Police Benefit Association – Management Unit electing to opt-out of medical coverage shall be provided a limited $100.00 per pay period opt-out allowance for not using medical insurance. Documentation is required to verify that the employee has obtained insurance outside of the City or is receiving insurance through his or her spouse’s (‘Spouse’ includes registered domestic partners throughout this MOU so long as required by California law) plan before the employee may opt out. Employees may use some of the amount for benefits, with any remaining amount paid out to the employee.

Appears in 1 contract

Sources: Memorandum of Understanding