Dependent Care Assistance Plan. The purpose of Section 125 Dependent Care Assistance Plan (DCAP) is to permit eligible employees to make an election to pay certain dependent care expenses with salary reduction from compensation contributed to the Plan before federal income or social security taxes are paid to the Internal Revenue Service (“Salary Reduction”) in accordance with Sections 125 and 129 of the Internal Revenue Code (IRC) of 1986 and regulations issued pursuant thereto. DCAP shall be construed to comply with said Code Sections and to meet the requirements of any other applicable provisions of law. DCAP exclusions from gross income do not affect compensation for retirement purposes. DCAP will be administered by County’s Human Resources Department Division Chief, Employee Benefits, and Services consistent with said IRC Section and the County’s Dependent Care Assistance Plan Document.
Appears in 4 contracts
Sources: Memorandum of Understanding, Memorandum of Understanding, Memorandum of Understanding
Dependent Care Assistance Plan. The purpose of this Section 125 Dependent Care Assistance Plan (DCAP) is to permit eligible employees to make an election to pay for certain dependent care expenses with salary reduction from compensation contributed to the Plan before federal income or social security taxes are paid to the Internal Revenue Service (“Salary Reduction”) in accordance with Sections 125 and 129 of the Internal Revenue Code (IRC) of 1986 and regulations issued pursuant thereto. DCAP shall be construed to comply with said Code Sections and to meet the requirements of any other applicable provisions of law. DCAP exclusions from gross income do not affect compensation for retirement purposes. DCAP will be administered by the County’s Human Resources Department Division Chief, Employee Benefits, Benefits and Services Division, consistent with said IRC Section and the County’s Dependent Care Assistance Plan DocumentSections.
Appears in 3 contracts
Sources: Memorandum of Understanding, Memorandum of Understanding, Memorandum of Understanding
Dependent Care Assistance Plan. The purpose of Section the 125 Dependent Care Assistance Plan (DCAP) is to permit eligible employees to make an election to pay for certain dependent care expenses with salary reduction from compensation contributed to the Plan before federal income or social security taxes are paid to the Internal Revenue Service (“Salary Reduction”) in accordance with Sections 125 and 129 of the Internal Revenue Code (IRC) of 1986 and regulations issued pursuant thereto. DCAP shall be construed to comply with said Code Sections and to meet the requirements of any other applicable provisions of law. DCAP exclusions from gross income do not affect compensation for retirement purposes. DCAP will be administered by County’s the County Human Resources Department Division ChiefEmployee Benefits & Services Division, Employee Benefits, and Services consistent with said IRC Section Sections and the County’s Dependent Care Assistance Plan Document.
Appears in 2 contracts
Sources: Memorandum of Understanding, Memorandum of Understanding
Dependent Care Assistance Plan. The purpose of this Section 125 Dependent Care Assistance Plan (DCAP) is to permit eligible employees to make an election to pay for certain dependent care expenses with salary reduction from compensation contributed to the Plan before federal income or social security taxes are paid to the Internal Revenue Service (“Salary Reduction”) in accordance with Sections 125 and 129 of the Internal Revenue Code (IRC) of 1986 and regulations issued pursuant thereto. DCAP shall be construed to comply with said Code Sections and to meet the requirements of any other applicable provisions of law. DCAP exclusions from gross income do not affect compensation for retirement purposes. DCAP will be administered by the County’s Human Resources Department Employee Benefits & Services Division Chief, Employee Benefits, and Services Chief consistent with said IRC Section and the County’s Dependent Care Assistance Plan DocumentSections.
Appears in 2 contracts
Sources: Memorandum of Understanding, Memorandum of Understanding
Dependent Care Assistance Plan. The purpose of Section 125 Dependent Dependant Care Assistance Plan (DCAP) is to permit eligible employees to make an election to pay certain dependent care expenses with salary reduction from compensation contributed to the Plan before federal income or social security taxes are paid to the Internal Revenue Service (“Salary Reduction”) in accordance with Sections 125 and 129 of the Internal Revenue Code (IRC) of 1986 and regulations issued pursuant thereto. DCAP shall be construed to comply with said Code Sections and to meet the requirements of any other applicable provisions of law. DCAP exclusions from gross income do not affect compensation for retirement purposes. DCAP will be administered by County’s Human Resources Department Division Chief, Employee Benefits, and Benefits & Services consistent with said IRC Section and the County’s Dependent Care Assistance Plan DocumentSection.
Appears in 2 contracts
Sources: Memorandum of Understanding, Memorandum of Understanding
Dependent Care Assistance Plan. The purpose of this Section 125 Dependent Care Assistance Plan (DCAP) is to permit eligible employees to make an election to pay for certain dependent care expenses with salary reduction from compensation contributed to the Plan before federal income or social security taxes are paid to the Internal Revenue Service (“Salary Reduction”) in accordance with Sections 125 and 129 of the Internal Revenue Code (IRC) of 1986 and regulations issued pursuant thereto. DCAP shall be construed to comply with said Code Sections and to meet the requirements of any other applicable provisions of law. DCAP exclusions from gross income do not affect compensation for retirement purposes. DCAP will be administered by County’s the Human Resources Department Division ChiefManager, Employee Benefits, and Services consistent with said IRC Section and the County’s Dependent Care Assistance Plan DocumentSections.
Appears in 1 contract
Sources: Memorandum of Understanding