PRE-TAXED SECTION 125 PLAN. The District will offer a comprehensive pre-taxed IRS section 125 plan and in-service each teacher annually prior to each renewal date. The teacher reserves the right to renew the plan annually. Once a teacher has elected to participate in the plan, that election is irrevocable for that year, unless the teacher's family status changes in one of the following ways: marriage, divorce, legal separation, death of participant, change in number of dependents, or change in the employment of the teacher or spouse.
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PRE-TAXED SECTION 125 PLAN. The District will offer a comprehensive pre-taxed IRS section 125 plan and in-service each teacher annually prior to each renewal date. The teacher reserves the right to renew the plan annually. Once a teacher has elected to participate in the plan, that election is irrevocable for that year, unless the teacher's family status changes in one of the following ways: marriage, divorce, legal separation, death of participant, change in number of dependents, or change in the employment of the teacher or spouse.
Appears in 1 contract
Samples: Agreement
