Section 125 Benefits Plan Sample Clauses

Section 125 Benefits Plan. The benefits provided to employees by Section 125 of the Revenue Act of 1978 shall be made available to all employees of the bargaining unit. The Section 125 Plan will include insurance premiums, medical expenses, and dependent care. An amount not to exceed fifty (50%) per cent of salary may be set aside by the employee for the selection, under Section 125 of the Internal Revenue Code, which includes the non-taxable benefits of all eligible insurance. Neither the employer nor the employee shall incur any fees for the setup, enrollment, and administrative services provided. A change in the provider for the above shall require the Board to give sixty (60) days notice of said change to the Association President. All payment shall follow IRS guidelines.
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Section 125 Benefits Plan. The benefits provided to employees by Section 125 of the Revenue Act of 1978 shall be made available to all Instructional Employees of the bargaining unit. An amount may be set aside under Section 125 of the Internal Revenue Code to cover the amount paid for eligible expenses. Neither the Board nor the Instructional Employee shall incur any fees for the setup, enrollment, and administrative services provided.
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Section 125 Benefits Plan. The District will maintain the Section 125 Plan of the IRS code so that teacher contributions to the benefit plan can be made on a pretax basis. The benefits provided to teachers by Section 125 of the Revenue Act of 1978 shall be made available to all teachers of the bargaining unit. An amount not to exceed fifty (50%) percent of salary may be set aside by the teacher for the selection of benefits, under Section 125 of the Internal Revenue Code, which includes that non- taxable benefits of all eligible insurance, disability, non-reimbursed medical, and dependent care. The Board shall incur the fees for the setup, enrollment, and administrative services provided. A change in the provider for the above shall require the Board to give sixty (60) days' notice of said change to the Association President.
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Section 125 Benefits Plan. Section 1. The Bucks IU Board of School Directors will provide a Section 125 Benefits Plan. The medical benefit plans will include: vision and prescription drug benefits, for which employees will be required to make individual payroll deductions toward premium costs. The Board may change carriers to an equivalent plan or mutually agreed plan. The Board may also add a plan as a further option. The medical benefit plans and contribution rates are set forth in Section A of this Article.
Sample 1

Related to Section 125 Benefits Plan

  • Section 125 Plan The Trustees shall continue the Section 125 plan to allow pretax treatment of the employee’s share of health and dental insurance premiums. The plan will be available as soon as practicable, but no later July 1, 1998. The plan will be amended to include a medical reimbursement account and a dependent care reimbursement account to be available for enrollment no earlier than July 1, 2003, but no later than December 31, 2003.

  • Health Benefits Eligibility a. The State System shall provide an eligible permanent full-time active employee with health benefits. The State System shall provide permanent part-time employees who are expected to be in an active pay status at least fifty (50%) of the time every pay period with health benefits.

  • Retirement Plans In connection with the individual retirement accounts, simplified employee pension plans, rollover individual retirement plans, educational IRAs and XXXX individual retirement accounts (“XXX Plans”), 403(b) Plans and money purchase and profit sharing plans (collectively, the “Retirement Plans”) within the meaning of Section 408 of the Internal Revenue Code of 1986, as amended (the “Code”) sponsored by a Fund for which contributions of the Fund’s shareholders (the “Participants”) are invested solely in Shares of the Fund, JHSS shall provide the following administrative services:

  • RETIREE HEALTH SAVINGS PLAN Effective, December 24, 2006, or as soon as administratively possible, the County shall establish a retiree health savings plan (RHSP) by contributing an amount of $25.00 to the employee’s RHSP each biweekly pay period.

  • Retirement Plan The 2.7% at 55 retirement plan will be available to eligible bargaining unit members covered by this Section 6.1.1.

  • Retiree Health Benefits 1. There is currently in effect a retiree health benefit program for retired members of LACERS under LAAC Division 4, Chapter 11. All covered employees who are members of LACERS, regardless of retirement tier, shall contribute to LACERS four percent (4%) of their pre-tax compensation earnable toward vested retiree health benefits as provided by this program. The retiree health benefit available under this program is a vested benefit for all covered employees who make this contribution, including employees enrolled in LACERS Tier 3.

  • Supplemental Employment Benefit for Maternity and Parental Leave 8.5.1 Effective April 1, 2002, when on maternity or parental leave, an employee will receive a supplemental payment added to Employment Insurance benefits as follows:

  • Dependent Care Salary Reduction Plan The Employer agrees to maintain the current dependent care salary reduction plan that allows eligible employees, covered by this Agreement, the option to participate in a dependent care reimbursement program for work-related dependent care expenses on a pretax basis as permitted by federal tax law or regulation.

  • Retirement Savings Plan Within fifteen (15) days after the date of Termination of Employment, the Company shall pay to Employee a cash payment in an amount, if any, necessary to compensate Employee for the Employee’s unvested interests under the Company’s retirement savings plan which are forfeited by Employee in connection with the Termination of Employment.

  • Health Benefit Plan Par. 1. The Health Benefit Plan covering life insurance, sickness and accident benefits, and hospitalization insurance, or any changes thereto that are in accordance with the National Elevator Industry Health Benefit Plan and Declaration of Trust, shall be a part of this Agreement and adopted by all parties signatory thereto.

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