Coverage Provided. 28 (a) IRS Section 125 Plan 29 Effective October 1, 1994, benefits shall be provided by the San 30 ▇▇▇▇▇▇▇ Health Care Joint Powers Authority (JPA) under an IRS 31 125 plan. There is currently no charge for administration of the 32 IRS 125 plans. In the event that the third-party administrator of 33 the IRS plans imposes an administrative fee in the future, such 34 fees shall be the responsibility of the participating employee 35 based on the service chosen and will be paid through payroll 36 deduction. 38 (b) Medical 39 Employees may select coverage from any one of the medical 40 plans offered by the JPA. 2 (c) Dental 3 Employees may select coverage from any dental plan offered by 4 the JPA. 6 (d) Vision 7 Employees may select coverage from the ophthalmologist-based 8 vision plan offered by the JPA. 10 (e) Life Insurance 11 Employees shall receive $25,000 of term life insurance coverage 12 upon completion of one (1) year of employment. Per terms of 13 the life insurance policy, the face value of the policy shall 14 decrease to $16,750 (67%) at age 65 and to $11,250 (45%) at age 15 70.
Appears in 2 contracts
Sources: Master Agreement, Master Agreement
Coverage Provided. 28 31 (a) IRS Section 125 Plan 29 32 Effective October 1, 1994, benefits shall be provided by the San 30 33 ▇▇▇▇▇▇▇ Health Care Joint Powers Authority (JPA) under an IRS 31 34 125 plan. There is currently no charge for administration of the 32 35 IRS 125 plans. In the event that the third-party administrator of 33 36 the IRS plans imposes an administrative fee in the future, such 34 37 fees shall be the responsibility of the participating employee 35 38 based on the service chosen and will be paid through payroll 36 39 deduction. 38 1 (b) Medical 39 2 Employees may select coverage from any one of the medical 40 3 plans offered by the JPA. 2 5 (c) Dental 3 6 Employees may select coverage from any dental plan offered by 4 7 the JPA. 6 9 (d) Vision 7 10 Employees may select coverage from the ophthalmologist-based 8 11 vision plan offered by the JPA▇▇▇. 10 ▇▇ ▇▇ (e) Life Insurance 11 14 Employees shall receive $25,000 of term life insurance coverage 12 15 upon completion of one (1) year of employment. Per terms of 13 16 the life insurance policy, the face value of the policy shall 14 17 decrease to $16,750 (67%) at age 65 and to $11,250 (45%) at age 15 18 70.
Appears in 1 contract
Sources: Master Agreement