Cafeteria Plan Benefits Clause Samples

Cafeteria Plan Benefits. New hires are eligible for Cafeteria Plan benefits and health insurance beginning on the first day of the month following their start date. The following insurance benefits are provided through a cafeteria plan adopted in accordance with the provisions of Internal Revenue Code § 125: medical insurance, dental insurance, and optical insurance. For employees who are absent as a result of being injured on duty, the City shall pay its contribution for employees and dependents, if any, for health and welfare benefits during the continuous period of an employee's absence up to a maximum accumulated time of one year. 1. City Contribution to the Cafeteria Plan The City will contribute to the cafeteria plan on behalf of each employee an amount (which includes the PERS statutory minimum) determined annually by the method established herein. The total City contribution amount for each year will be determined by adding to the prior year’s contribution amount an amount equal to 80% of the net increase, if any, in the total cost of the monthly premiums for the following plans: (a) the employee plus family category of the PORAC medical insurance plan available through PERS, (b) the employee plus family category of the “Safety Standard” Guardian dental plan and (c) the employee plus family category of the “Safety Standard” optical VSP. The cafeteria plan contribution is used to purchase the optional benefits of medical insurance, dental insurance and optical insurance. Should the total premium cost of these three benefits decrease from one year to the next, the City will reduce its contribution for the three benefits by 80% of the net decrease and the employees will reduce their contribution for the three benefits by 20% of the net decrease. Assuming the cost of the three benefits increase, whatever amount employees pay (if any) will be carried over to the following year. Once the 80% amount is determined each year, that will determine the maximum amount the City will pay for the cafeteria plan for that year. In order to illustrate how this is calculated, the following explains the calculation of the 2019 contribution based upon the actual premiums: The City’s Cafeteria Plan contribution for 2018 was $2,081.26. In 2018, the employee contribution was $132.58 for a total cost of the benefits of $2,213.84. For 2019, the cost of the three benefits increased by a total of $109.91 to $2,323.75. The City paid 80% of the net increase. Thus, for 2019, the City’s Cafeteria Plan con...

Cafeteria Plan Benefits employees shall receive continued and unchanged City contribution to the cafeteria benefit plan, as if the employee was working full time, which can be used for medical, dental and vision insurance benefits. Employees will be responsible for the same employee contributions.

Cafeteria Plan Benefits. In lieu of participating in any Company-sponsored welfare plans, Executive shall receive $20,000 per year in cafeteria plan benefits which Executive will utilize in his sole discretion for health, life, disability, and dental insurance or expenses, educational

Cafeteria Plan Benefits. Regular employees eligible to receive benefits may elect to purchase health, dental, vision and life insurance coverage in accordance with this Memorandum for the employee and, where applicable, his/her dependents from a cafeteria plan account established for each regular employee. For the purposes of this Memorandum, a "regular employee" is any employee occupying a budgeted position, whether or not such employee is scheduled to work eighty (80) hours in a pay period.

Cafeteria Plan Benefits. The City contracts with the Public Employees’ Retirement System for medical insurance coverage of employees in the unit. New hires are covered under the program on the first day of the month following a 30-day waiting period that begins on the hire date. The City will contribute the PERS statutory minimum on behalf of each participant in the program. In addition, the City will provide employees with flexible benefits through a cafeteria plan as provided below. New hires are eligible for Cafeteria Plan benefits and health insurance beginning on the first day of the month following their start date. The following insurance benefits are provided through a cafeteria plan adopted in accordance with the provisions of Internal Revenue Code § 125: medical insurance, dental insurance, and optical insurance. For employees who are absent as a result of being injured on duty, the City shall pay its contribution for employees and dependents, if any, for health and welfare benefits during the continuous period of an employee's absence up to a maximum accumulated time of one year. Any language contained in this MOU which is also contained in the cafeteria plan documents is done so for the convenience of the parties. However, the parties agree that all of the provisions of the cafeteria plan documents (whether included in this MOU or not) are applicable and binding on the parties to this MOU.

Cafeteria Plan Benefits. Medical, Dental, and Vision Contributions

Cafeteria Plan Benefits. The employer will continue to make medical insurance options available for employees and dependents on the same basis and to the same extent that it makes such benefits available to all other non- bargaining unit employees. In accordance with current practice, the employer will pay the premium for employee-only coverage and the employee will bear the cost of any dependent coverage.

Cafeteria Plan Benefits. Executive shall be entitled to the usual and customary benefits and perquisites which the Company generally provides to its other executives under its applicable plans and policies (including, without limitation, group health, group dental and group life coverage). Executive shall pay any contributions which are generally required of executives to receive any such benefits.