Section 125 Plan (Cafeteria Plan). A. The Board shall establish a “Cafeteria Plan” that is designed to (a) allow members who must make member contributions for health care coverage to elect to do so on a pre-tax basis, (b) allow members to elect to receive additional cash in lieu of Board paid health care coverage (as agreed to by the Board and the PEA), and (c) allow members to elect to participate in the dependent care and medical care flexible spending accounts (FSAs) described in paragraph (C) below. In accordance with the foregoing, the Waiver of Coverage (Section 24.7) provisions of this Agreement shall be made through the Cafeteria Plan.
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Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement
Section 125 Plan (Cafeteria Plan). A. 1. The Board shall establish has established a “"Cafeteria Plan” " that is designed to (a) allow members employees who must make member employee contributions for health care coverage to elect to do so on a pre-tax basis, (b) allow members employees to elect to receive additional cash in lieu of Board paid health care coverage (as agreed to by the Board and the PEAAssociation.), and (c) allow members employees to elect to participate in the dependent care and medical care flexible spending accounts (“FSAs”) described in paragraph (C) 3 below. In accordance with the foregoing, the Waiver Payment in Lieu of Insurance Coverage (Section 24.7Article 21.J.) provisions of this Agreement shall be made through the Cafeteria Plan.
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