Flexible Compensation Plan. The Employer shall maintain the current Flexible Compensation Plan for employees in this Bargaining Unit. Employees in this Bargaining Unit will be offered participation in the State of Michigan Dependent Care and Medical Spending Accounts authorized in accordance with Section 125 of the Internal Revenue Code, except as provided in Article 22, Section 3, Health Insurance. Beginning January 1, 2021, the Employer shall offer employees the option of enrolling in either a general-purpose flexible spending account or a limited-purpose flexible spending account, as authorized by federal law for healthcare expenses.
Flexible Compensation Plan. The Employer shall maintain the current flexible compensation plan for employees in these Bargaining Units. Employees in the Human Services and Administrative Support Bargaining Units are eligible to participate in the State of Michigan Dependent Care and Medical Spending Accounts authorized in accordance with Section 125 of the Internal Revenue Service Code.
Flexible Compensation Plan. Employees in this bargaining unit shall be eligible for a pre-tax dollar deduction of group insurance premiums from gross pay.
Flexible Compensation Plan. Faculty members and librarians are eligible to participate in the NMC’s flexible compensation plan, including reimbursement accounts for dependent care and unreimbursed health care expenses. Faculty members and librarians on leaves of absence are not eligible to participate (e.g. non-pay status.)
Flexible Compensation Plan. 33 The Employer's pre-tax dollar deduction program is extended to bargaining 34 unit employees. Under such a program, employee contributions for premiums 35 for health insurance and dental insurance shall be made after FICA 36 calculations, but before income tax withholding calculations are made. 37 Bargaining unit employees shall be offered the option to participate in the 38 State of Michigan dependent care and/or medical spending accounts 1 authorized by, and established by the State in accordance with current 2 Section 125 of the U.S. Internal Revenue Service Code.
Flexible Compensation Plan. Faculty chairs are eligible to participate in the NMC's flexible compensation plan, including reimbursement accounts for dependent care and unreimbursed health care expenses. Faculty chairs on leaves of absence are not eligible to participate (e.g. non-pay status.)
Flexible Compensation Plan. The City shall offer a Flexible Compensation Plan and make monthly contributions for employee benefit allowance for allocation to health insurance, and health and dependent care reimbursement accounts.
