Common use of Section 125 Plan Clause in Contracts

Section 125 Plan. 1. The District shall continue to provide a "Cafeteria Plan" which will (a) allow employees who make employee contributions for health care coverage to elect to do on a pre- tax basis, (b) allow employees to elect to receive additional cash in lieu of Board paid health care coverage (as set forth herein), and (c) allow employees to elect to participate in the dependent care and medical care flexible spending accounts ("FSAs") described in paragraph 3 below. 2. The Cafeteria Plan will be designed to meet the requirements of Internal Revenue Code ("IRC") Section 125 and applicable regulations. Accordingly, each bargaining unit member will have an opportunity on an annual basis in November to enroll in the Cafeteria Plan. The election to participate may not be revoked during the current plan year unless there is a change in the employee's circumstances that, in accordance with IRC Section 125, permits the employee to change his or her election under the plan (e.g., divorce, death of spouse, change in employment status, a child losing eligibility for coverage, a court order requiring coverage, or other enrollment rights consistent with federal law). Details of the Cafeteria Plan will be provided on an annual basis at the time of enrollment and will also be available through the Human Resources Department. 3. Under the Cafeteria Plan, each employee will be allowed to make a pre- tax "salary reduction" election up to the maximum amount allowable under IRC Section 129 (currently $5000 per year), and receive a corresponding credit under a child care/dependent care FSA. Under the dependent care FSA, reimbursement may be received for dependent care expenses described in IRC Section 129. 4. In addition, each bargaining unit member during open enrollment or other qualifying event, will be allowed to make a separate pre-tax "salary reduction" election up to the established Internal Revenue Service (IRS) limit for that tax year, at the start of open enrollment and receive a corresponding credit under a health care FSA. Under the health care FSA, reimbursement may be received for medical (including dental and vision care) expenses (under IRC Section 213) that are not otherwise reimbursable by the health care plans of the District or of another employer.

Section 125 Plan. A. By September 1. The District , 2007, the board shall continue to provide establish a "Cafeteria Plan" which will (a“cafeteria plan” that is designed to: 1) allow Allow employees who must make employee contributions for health care coverage to elect to do on a pre- pre-tax basis, (b 2) allow Allow employees to elect to receive additional cash in lieu of Board board paid health care coverage (as set forth herein)agreed to by the board and the union, and (cand 3) allow Allow employees to elect to participate in the dependent care and medical care flexible spending accounts ("FSAs"“FSA’s”) described in paragraph 3 Section C. below. 2. 4) In accordance with the foregoing, the payment in lieu of insurance coverage section (Section 33H) provisions of this agreement shall be made through the cafeteria plan. B. The Cafeteria Plan cafeteria plan will be designed to meet the requirements of Internal Revenue Code ("“IRC"”) Section 125 124 and applicable regulations. Accordingly, each bargaining unit member employee will have an opportunity on an annual basis in November to enroll in the Cafeteria Plancafeteria plan. The election to participate may not be revoked during the current plan year unless there is a change in the employee's ’s circumstances that, in accordance with IRC Section 125, permits the employee to change his or her election under the plan (e.g., e.g. divorce, death of spouse, change in employment statusstatus including employment status affecting a spouse or dependent, birth or adoption of a child, a child losing eligibility for coverage, a court order requiring coverage, coverage or other enrollment rights consistent with federal law). Details of the Cafeteria Plan cafeteria plan will be provided on an annual basis at the time of enrollment and will also be available through the Human Resources Departmentboard treasurer’s office and or the TPA. 3. C. Under the Cafeteria Plancafeteria plan, each employee will be allowed to make a pre- pre-tax "salary reduction" reduction election up to the maximum amount allowable under IRC Section 129 (currently $5000 5,000 per year), and receive a corresponding credit under a child care/dependent care FSA. Under the dependent care FSA, reimbursement may be received for dependent care expenses described in IRC Section 129. 4. In addition, each bargaining unit member during open enrollment or other qualifying event, employee will be allowed to make a separate pre-tax "salary reduction" reduction election up to the established Internal Revenue Service (IRS) limit for that tax a maximum amount of $3,600 per year, at the start of open enrollment and receive a corresponding credit under a health care FSA. Under the health care FSA, reimbursement may be received for medical (including dental and vision care) expenses (under IRC Section 213) that are not otherwise reimbursable by the health care plans of the District board or of another employer. To comply with the requirement of IRC Section 125, amounts remaining in the FSAs at the end of a 2 ½ month grace period following the end of each plan year will be forfeited. D. The board shall be the administrator of the cafeteria plan, but may delegate administration to the treasurer’s office and/or a third party administrator, the costs of which shall be charged to employee accounts under the FSAs. The board shall be permitted to administer, interpret and operate the plan as the board shall deem necessary for compliance with IRC Section 125 and applicable regulations (including proposed regulations) and rulings thereunder. To the extent required for compliance with IRC Section 125, the board may also provide for restrictions on the timing of the benefit elections of employees and dependents under the health care plans of the board. The board does not guarantee the tax consequences of the cafeteria plan or that reimbursements from the FSAs will be tax free; and the treasurer’s office will report taxable income and prepare and file W-2s and other tax forms with governmental agencies as it believes it is required to do so by law.

Section 125 Plan. 1. A. The District shall continue to provide a "“Cafeteria Plan" ” which will will: (a) allow employees who make employee contributions for health care coverage to elect to do on a pre- pre-tax basis, (b) allow employees to elect to receive additional cash in lieu of Board paid health care coverage (as set forth herein), and (c) allow employees to elect to participate in the dependent care and medical care flexible spending accounts ("“FSAs"”) described in paragraph 3 below. 2. B. The Cafeteria Plan will be designed to meet the requirements of Internal Revenue Code ("“IRC"”) Section 125 and applicable regulations. Accordingly, each bargaining unit member will have an opportunity on an annual basis in November to enroll in the Cafeteria Plan. The election to participate may not be revoked during the current plan year unless there is a change in the employee's circumstances that, in accordance with IRC Section 125, permits the employee to change his or her election under the plan (e.g., divorce, death of spouse, change in employment status, a child losing eligibility for coverage, a court order requiring coverage, or other enrollment rights consistent with federal law). Details of the Cafeteria Plan will be provided on an annual basis at the time of enrollment and will also be available through the Human Resources Relations Department. 3. C. Under the Cafeteria Plan, each employee bargaining unit member during open enrollment or other qualifying event will be allowed to make a pre- pre-tax "“salary reduction" ” election up to the maximum amount allowable under IRC Section 129 (currently $5000 per year)at the start of open enrollment, and receive a corresponding credit under a child care/dependent care FSA. Under the dependent care FSA, reimbursement may be received for dependent care expenses described in IRC Section 129. 4. In additionD. The maximum amount allowed, each bargaining unit member during open enrollment or other qualifying event, will be allowed to make a separate pre-tax "salary reduction" election up to but in no amount greater than the established Internal Revenue Service (IRS) limit for that tax year, at the start of open enrollment and receive a corresponding credit under a health care FSA. Under the health care FSA, reimbursement may be received for medical (including dental and vision care) expenses (under IRC Section 213) that are not otherwise reimbursable by the health care plans of the District or of another employer.

Section 125 Plan. 1. The District shall continue to provide a "“Cafeteria Plan" which ”. The existing Plan shall remain in effect through December 31, 2010. Effective January 1, 2011, that Cafeteria Plan will be expanded to: (a) allow employees who make employee contributions for health care coverage to elect to do on a pre- pre-tax basis, (b) allow employees to elect to receive additional cash in lieu of Board paid health care coverage (as set forth herein), and (c) allow employees to elect to participate in the dependent care and medical care flexible spending accounts ("“FSAs"”) described in paragraph 3 below. 2. The Cafeteria Plan will be designed to meet the requirements of Internal Revenue Code ("“IRC"”) Section 125 and applicable regulations. Accordingly, each bargaining unit member will have an opportunity on an annual basis in November to enroll in the Cafeteria Plan. The election to participate may not be revoked during the current plan year unless there is a change in the employee's ’s circumstances that, in accordance with IRC Section 125, permits the employee to change his or her election under the plan (e.g., divorce, death of spouse, change in employment status, a child losing eligibility for coverage, a court order requiring coverage, or other enrollment rights consistent with federal law). Details of the Cafeteria Plan will be provided on an annual basis at the time of enrollment and will also be available through the Human Resources Department. 3. Under the Cafeteria Plan, each employee will be allowed to make a pre- pre-tax "“salary reduction" ” election up to the maximum amount allowable under IRC Section 129 (currently $5000 per year), and receive a corresponding credit under a child care/dependent care FSA. Under the dependent care FSA, reimbursement may be received for dependent care expenses described in IRC Section 129. 4. In addition, each bargaining unit member during open enrollment or other qualifying event, will be allowed to make a separate pre-tax "“salary reduction" ” election up to the established Internal Revenue Service (IRS) limit for that tax yeara maximum amount of $10,000, at the start of open enrollment and receive a corresponding credit under a health care FSA. Under the health care FSA, reimbursement may be received for medical (including dental and vision care) expenses (under IRC Section 213) that are not otherwise reimbursable by the health care plans of the District or of another employer. 5. To comply with the requirement of IRC Section 125, the FSAs will each have a 2- 1/2 month grace period during which amounts remaining in the FSAs at the end of each plan year can be expended for permissible benefits. However, at the end of the grace period, any remaining amounts will be forfeited. 6. Employees may also elect (on forms prescribed by the District) to pay up to $50,000 worth of life insurance per year with before-tax dollars through the District’s Cafeteria Plan, consistent with applicable federal law.

Section 125 Plan. 1. ‌ A. The District shall continue to provide a "“Cafeteria Plan" ” which will will: (a) allow employees who make employee contributions for health care coverage to elect to do on a pre- pre-tax basis, (b) allow employees to elect to receive additional cash in lieu of Board paid health care coverage (as set forth herein), and (c) allow employees to elect to participate in the dependent care and medical care flexible spending accounts ("“FSAs"”) described in paragraph 3 below. 2. B. The Cafeteria Plan will be designed to meet the requirements of Internal Revenue Code ("“IRC"”) Section 125 and applicable regulations. Accordingly, each bargaining unit member will have an opportunity on an annual basis in November to enroll in the Cafeteria Plan. The election to participate may not be revoked during the current plan year unless there is a change in the employee's ’s circumstances that, in accordance with IRC Section 125, permits the employee to change his or her election under the plan (e.g., divorce, death of spouse, change in employment status, a child losing eligibility for coverage, a court order requiring coverage, or other enrollment rights consistent with federal law). Details of the Cafeteria Plan will be provided on an annual basis at the time of enrollment and will also be available through the Human Resources Relations Department. 3. C. Under the Cafeteria Plan, each employee will be allowed to make a pre- pre-tax "“salary reduction" ” election up to the maximum amount allowable under IRC Section 129 (currently $5000 per year)129, and receive a corresponding credit under a child care/dependent care FSA. Under the dependent care FSA, reimbursement may be received for dependent care expenses described in IRC Section 129. 4. D. In addition, each bargaining unit member during open enrollment or other qualifying event, event will be allowed to make a separate pre-tax "“salary reduction" ” election up to a maximum amount allowed, but in no amount greater than the established Internal Revenue Service (IRS) IRS limit for that tax year, year at the start of open enrollment and receive a corresponding credit under a health care FSA. Under the health care FSA, reimbursement may be received for medical (including dental and vision care) expenses (under IRC Section 213) that are not otherwise reimbursable by the health care plans of the District or of another employer.

Section 125 Plan. 1. A. The District shall continue to provide a "“Cafeteria Plan" ” which will will: (a) allow employees who make employee contributions for health care coverage to elect to do on a pre- pre-tax basis, (b) allow employees to elect to receive additional cash in lieu of Board paid health care coverage (as set forth herein), and (c) allow employees to elect to participate in the dependent care and medical care flexible spending accounts ("“FSAs"”) described in paragraph 3 below. 2. B. The Cafeteria Plan will be designed to meet the requirements of Internal Revenue Code ("“IRC"”) Section 125 and applicable regulations. Accordingly, each bargaining unit member will have an opportunity on an annual basis in November to enroll in the Cafeteria Plan. The election to participate may not be revoked during the current plan year unless there is a change in the employee's ’s circumstances that, in accordance with IRC Section 125, permits the employee to change his or her election under the plan (e.g., divorce, death of spouse, change in employment status, a child losing eligibility for coverage, a court order requiring coverage, or other enrollment rights consistent with federal law). Details of the Cafeteria Plan will be provided on an annual basis at the time of enrollment and will also be available through the Human Resources Relations Department. 3. C. Under the Cafeteria Plan, each employee will be allowed to make a pre- pre-tax "“salary reduction" ” election up to the maximum amount allowable under IRC Section 129 (currently $5000 per year)129, and receive a corresponding credit under a child care/dependent care FSA. Under the dependent care FSA, reimbursement may be received for dependent care expenses described in IRC Section 129. 4. D. In addition, each bargaining unit member during open enrollment or other qualifying event, will be allowed to make a separate pre-tax "“salary reduction" ” election up to a maximum amount allowed, but in no amount greater than the established Internal Revenue Service (IRS) IRS limit for that tax year, at the start of open enrollment and receive a corresponding credit under a health care FSA. Under the health care FSA, reimbursement may be received for medical (including dental and vision care) expenses (under IRC Section 213) that are not otherwise reimbursable by the health care plans of the District or of another employer.

Section 125 Plan. 1. The District shall continue to provide a "Cafeteria Plan" which will (a) allow employees who make employee contributions for health care coverage to elect to do on a pre- pre-tax basis, (b) allow employees to elect to receive additional cash in lieu of Board paid health care coverage (as set forth herein), and (c) allow employees to elect to participate in the dependent care and medical care flexible spending accounts ("FSAs") described in paragraph 3 below. 2. The Cafeteria Plan will be designed to meet the requirements of Internal Revenue Code ("IRC") Section 125 and applicable regulations. Accordingly, each bargaining unit member will have an opportunity on an annual basis in November to enroll in the Cafeteria Plan. The election to participate may not be revoked during the current plan year unless there is a change in the employee's circumstances that, in accordance with IRC Section 125, permits the employee to change his or her their election under the plan (e.g., divorce, death of spouse, change in employment status, a child losing eligibility for coverage, a court order requiring coverage, or other enrollment rights consistent with federal law). Details of the Cafeteria Plan will be provided on an annual basis at the time of enrollment and will also be available through the Human Resources Department. 3. Under the Cafeteria Plan, each employee will be allowed to make a pre- tax "salary reduction" election up to the maximum amount allowable under IRC Section 129 (currently $5000 per year), ) and receive a corresponding credit under a child carechildcare/dependent care FSA. Under the dependent care FSA, reimbursement may be received for dependent care expenses described in IRC Section 129. 4. In addition, each bargaining unit member during open enrollment or other qualifying event, will be allowed to make a separate pre-tax "salary reduction" election up to the established Internal Revenue Service (IRS) limit for that tax year, at the start of open enrollment and receive a corresponding credit under a health care FSA. Under the health care FSA, reimbursement may be received for medical (including dental and vision care) expenses (under IRC Section 213) that are not otherwise reimbursable by the health care plans of the District or of another employer.

Section 125 Plan. 1. 13.7.1 The District shall continue to provide a "“Cafeteria Plan" which ”. The existing Plan shall remain in effect through December 31, 2010. Effective January 1, 2011, that Cafeteria Plan will be expanded to: (a) allow employees who make employee contributions for health care coverage to elect to do on a pre- pre-tax basis, (b) allow employees to elect to receive additional cash in lieu of Board paid health care coverage (as set forth herein), and (c) allow employees to elect to participate in the dependent care and medical care flexible spending accounts ("“FSAs"”) described in paragraph 3 belowC. below with respect to employee insurance premium payments as well as child care and dependent care expenses under applicable provisions of the Internal Revenue Code. 2. 13.7.2 The Cafeteria Plan will be designed to meet the requirements of Internal Revenue Code ("“IRC"”) Section 125 and applicable regulations. Accordingly, each bargaining unit member will have an opportunity on an annual basis in November to enroll in the Cafeteria Plan. The election to participate may not be revoked during the current plan year unless there is a change in the employee's ’s circumstances that, in accordance with IRC Section 125, permits the employee to change his or her election under the plan (e.g., divorce, death of spouse, change in employment status, a child losing eligibility for coverage, a court order requiring coverage, or other enrollment rights consistent with federal law). Details of the Cafeteria Plan will be provided on an annual basis at the time of enrollment and will also be available through the Human Resources Relations Department. 3. 13.7.3 Under the Cafeteria Plan, each employee will be allowed to make a pre- tax "“salary reduction" ” election up to the maximum amount allowable under IRC Section 129 (currently $5000 per year), and receive a corresponding credit under a child care/dependent care FSA. Under the dependent care FSA, reimbursement may be received for dependent care expenses described in IRC Section 129. 4. 13.7.4 In addition, each bargaining unit member during open enrollment or other qualifying event, will be allowed to make a separate pre-tax "“salary reduction" ” election up to the established Internal Revenue Service (IRS) limit for that tax yeara maximum amount of $10,000, at the start of open enrollment and receive a corresponding credit under a health care FSA. Under the health care FSA, reimbursement may be received for medical (including dental and vision care) expenses (under IRC Section 213) that are not otherwise reimbursable by the health care plans of the District or of another employer. 13.7.5 To comply with the requirement of IRC Section 125, the FSAs will each have a 2-1/2 month grace period during which amounts remaining in the FSAs at the end of each plan year can be expended for permissible benefits. However, at the end of the grace period, any remaining amounts will be forfeited. 13.7.6 Employees may also elect (on forms prescribed by the District) to pay up to $50,000 worth of life insurance per year with before-tax dollars through the District's Section 125 Plan, consistent with applicable federal law.

Section 125 Plan. 1. A. The District shall continue to provide a "“Cafeteria Plan" ” which will will: (a) allow employees who make employee contributions for health care coverage to elect to do on a pre- pre-tax basis, (b) allow employees to elect to receive additional cash in lieu of Board paid health care coverage (as set forth herein), and (c) allow employees to elect to participate in the dependent care and medical care flexible spending accounts ("“FSAs"”) described in paragraph 3 below. 2. B. The Cafeteria Plan will be designed to meet the requirements of Internal Revenue Code ("“IRC"”) Section 125 and applicable regulations. Accordingly, each bargaining unit member will have an opportunity on an annual basis in November to enroll in the Cafeteria Plan. The election to participate may not be revoked during the current plan year unless there is a change in the employee's ’s circumstances that, in accordance with IRC Section 125, permits the employee to change his or her election under the plan (e.g., divorce, death of spouse, change in employment status, a child losing eligibility for coverage, a court order requiring coverage, or other enrollment rights consistent with federal law). Details of the Cafeteria Plan will be provided on an annual basis at the time of enrollment and will also be available through the Human Resources Relations Department. 3. C. Under the Cafeteria Plan, each employee will be allowed to make a pre- tax "“salary reduction" ” election up to the maximum amount allowable under IRC Section 129 (currently $5000 per year)129, and receive a corresponding credit under a child care/dependent care FSA. Under the dependent care FSA, reimbursement may be received for dependent care expenses described in IRC Section 129. 4. D. In addition, each bargaining unit member during open enrollment or other qualifying event, will be allowed to make a separate pre-tax "“salary reduction" ” election up to the maximum amount allowed, but in no amount greater than the established Internal Revenue Service (IRS) limit for that tax year, at the start of open enrollment and receive a corresponding credit under a health care FSA. Under the health care FSA, reimbursement may be received for medical (including dental and vision care) expenses (under IRC Section 213) that are not otherwise reimbursable by the health care plans of the District or of another employer.