Common use of Flex Benefits Clause in Contracts

Flex Benefits. Bargaining Unit members will participate in the Employer's flexible benefits plan. During the 1st quarter of 2002, each employee coded 20 hours or greater will receive a $500 payment to defray any increases in benefit costs to the employee. This plan would be limited to the 2002 plan year. If there is a national resolution to flexible benefits, that plan will be considered for adoption prior to the next open enrollment. Should a national resolution not be available, discussions would be reopened on July 1, 2002 to decide on continuing participation in the flexible benefit plan offered or the creation of a traditional benefit plan. These discussions would be completed by September 16, 2002 to allow time for implementation during open enrollment. The union would retain the right to economic sanctions. Effective January 1, 2006 all bargaining unit members who become benefit eligible through Benefit Average Hours, will be placed on the same Flexible Benefits Plan as those whose eligibility is determined by coded scheduled hours.