Section 125 Program. The City has implemented an Internal Revenue Section 125 program which allows employees to allocate specified amounts of monthly pre-tax salary or wages for the reimbursement of health care expenses or dependent care expenses, or both. Employees who choose to participate in the program shall pay all program administration costs and/or fees.
Section 125 Program. The North East School District shall establish a Section 125 Flexible Benefit Plan in accordance with the provisions of Section 125 of the Internal Revenue Code. Employees may voluntarily participate in the Flexible Spending Account to pay for dependent care and unreimbursed medical expenses in accordance with the provisions of Section 125 of the Internal Revenue Code. North East School District will establish a payroll deduction slot for the District selected Third Party Administrator of the Section 125 Flexible Benefit Plan. An employee may elect to withdraw or enroll from the plan on a yearly basis at times approved by the District, the plan administrator and the Internal Revenue Code.
Section 125 Program. The City will provide a benefit for employees at a maximum cost of approximately $6 per month per employee for a pre-tax medical and dependent child care savings plan with employees making a contribution.
Section 125 Program. By no later than January 1, 2008, the Board shall provide a Section 125 program in which the Board pays the start-up and general annual fee and the monthly or other periodic per employee fee.
Section 125 Program. The Company will maintain the current Section 125 Program.
Section 125 Program. The North East School District shall establish the Security Flex 125 Program. Security Benefit will be the 125 administrator and insurance carrier in accordance with the provisions of Section 125 of the Internal Revenue Code. Employees may voluntarily participate in the Flexible Spending Account to pay for dependent care and unreimbursed medical expenses in accordance with the provisions of Section 125 of the Internal Revenue Code. North East School District will establish a payroll deduction slot for Security Benefit. An employee may elect to withdraw or enroll from the plan on a yearly basis at times approved by the District, the plan administrator and the Internal Revenue Code.
Section 125 Program. The District shall pay $750 into a Section 125 flexible spending account on an annual basis. Partial years shall be prorated.
Section 125 Program. The Board of Education agrees to administer an optional Section 125 Program, which includes both premium conversion and flexible spending account features. Employees electing to participate in the flexible spending account are responsible for the annual service fee.
Section 125 Program. The Board of Education agrees to administer an optional Section 125 Program. Employees electing to participate are responsible for the annual service fee where applicable.
Section 125 Program. The City agrees to offer a Section 125 program throughout the term of this Agreement.
